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> A CEO has a fiduciary duty to the shareholders - The CEO is supposed to act in a way he believes benefits the shareholders. To the shareholders or to the maj
by tomp 7y ago
> A CEO has a fiduciary duty to the shareholders - The CEO is supposed to act in a way he believes benefits the shareholders.
To the shareholders or to the majority of the shareholders? If the latter, he can literally do whatever he wants (as he's the majority shareholder).
- Waterluvian 7y agoI don't think that's true. I think he holds fewer than 50% shares. He holds greater than 50% votes.