4 ms·
> Besides, liberated from corporate taxes, they'd have more freedom to increase wages. That would be impossible unless the law itself changes from the way it i
by dingdingdang 10y ago
> Besides, liberated from corporate taxes, they'd have more freedom to increase wages.
That would be impossible unless the law itself changes from the way it is currently interpreted:
https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
- coredog64 10y agoDodge v. Ford is garbage and has been understood to be garbage for a long time. If you need convincing, please provide a link to the shareholder lawsuit filed against Costco management for not paying Sam's Club wages.
- parenthephobia 10y agoGoogle turns up nothing on that case, which is making it hard to become convinced. Why not provide the link yourself? :) From what I can find, Dodge v. Ford isn't considered "garbage", but it is often misrepresented. Directors have a primary responsibility to work for the benefit of the shareholders, but they also have virtually total discretion in how to achieve that. In the absence of clear evidence of the intention to shirk the responsibility - such as, in Dodge v. Ford, telling the shareholders you're putting public interests ahead of their profits - the onus is on the shareholders to prove that the directors aren't fulfilling their fiduciary duty.
- jhvjvjhchgchgc 10y agoThere is no link. It never happened. That was the point.