3 ms·
Dodge v. Ford is only precedent in Michigan. Even within Michigan, it's my understanding that the decision is outweighed by the business judgement rule[1], whic
by aerotwelve 8y ago
Dodge v. Ford is only precedent in Michigan. Even within Michigan, it's my understanding that the decision is outweighed by the business judgement rule[1], which contradicts any mandate of shareholder primacy.
[1] https://en.m.wikipedia.org/wiki/Business_judgment_rule https://en.m.wikipedia.org/wiki/Business_judgment_rule