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> In which country is the the law? All that respect private property. The shareholders own the company, the management is essentially their employees. The sha
by anoncake 7y ago
> In which country is the the law?
All that respect private property. The shareholders own the company, the management is essentially their employees.
The shareholders may not micromanage their company, but still management's job is to further the aims of the shareholders just as the job of elected politicians in a representative democracy is to further the aims of the people. Otherwise they get fired.
While this may not be working as well as it should, you wouldn't say a law is not the law because enforcement is spotty either.
- gumby 7y agoCan you point to any law or regulation in, say, the USA that requires this, regardless of whether it is enforced or not?
- anoncake 7y agoProbably, if I spent the time. But then again, the fact that the owners of a company choose its management might be so obvious no lawmaker ever bothered to write it down.