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If Tim Cook donated Apple’s cash reserves entirely to charity, or made decisions purposefully wrecking the finances of the company for the lulz, I guarantee the
by garmaine 9y ago
If Tim Cook donated Apple’s cash reserves entirely to charity, or made decisions purposefully wrecking the finances of the company for the lulz, I guarantee there would be a successful shareholder lawsuits. This just doesn’t happen as often. But here have been claims of material harm due to gross negligence before. There are aspects of th Enron case that come to mind, and BP’s shareholder lawsuit after the deepwater horizon disaster.
- xkjkls 9y agoApple donating huge amounts to cash to charity would be an... interesting... lawsuit. I agree that they would definitely get sued over it, but I don't believe that they outcome of that lawsuit is necessarily cut and dry. And the cases you bring up for fraud/negligence are very different, and pretty obviously not covered under running an enterprise in good faith.