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I didn't intend to suggest specifically "maximize shareholder value." I was referring more to if directors or officers breach their duty of care they open thems
by castlecrasher2 8y ago
I didn't intend to suggest specifically "maximize shareholder value." I was referring more to if directors or officers breach their duty of care they open themselves to lawsuits.
- EliRivers 8y agoOh, of course they do. So does everyone. If I don't do my job properly, if I have some duty of care that I breach, I open myself to legal action. So do you. So does the guy operating the pump at my local gas station. But this seems to be going off-topic. I was talking about the myth that the law enforces shareholder value above all; not about people neglecting their duty in general. I did say "shareholder value".