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Where are you legally required to do that? What law is that?
by skinnymuch 7y ago
Where are you legally required to do that? What law is that?
- azinman2 7y agoFiduciary duty to shareholders
- skinnymuch 7y agoI don’t think that’s actually true. Your original statement. The duty is just to behave how a reasonable or prudent person would behave. I doubt there would be a lawsuit case against Craigslist that would win if Craigslist was a public company.
- ImprovedSilence 7y agoI don’t think fiduciary duty is the right word for it. But there is some Supreme Court ruling (dodge bros. Vs Ford?) that seems to imply (or so people interpret) you need to make money for share holders.
- djsumdog 7y agohttps://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.