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this is not exactly true, no[0]. The law's intent is to give shareholders a means of legal action if the leadership at a company destroys shareholder value for
by pillowkusis 9y ago
this is not exactly true, no[0]. The law's intent is to give shareholders a means of legal action if the leadership at a company destroys shareholder value for their own gain.
0: https://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...
- Groxx 9y agoAs one who isn't familiar with all this: "not exactly true" means very little. How does it behave in practice?