Apple is obligated by its contract to its shareholders to avoid taxes as much as possible; they are just avoiding a lawsuit. To which contract/obligation are y

Apple is obligated by its contract to its shareholders to avoid taxes as much as possible; they are just avoiding a lawsuit. To which contract/obligation are you referring? Per http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1013744 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1013744 : "Among non-experts, conventional wisdom holds that corporate law requires boards of directors to maximize shareholder wealth. This common but mistaken belief is almost invariably supported by reference to the Michigan Supreme Court's 1919 opinion in Dodge v. Ford Motor Co ... U.S. corporate law does not and never has imposed a legal obligation on directors to maximize shareholder wealth."