3 ms·
> Additionally, and I think this is non-debatable in the USA (though I'm up for debate, and to be wrong), C-levels have their primary and sole obligation to sha
by oldgradstudent 7y ago
> Additionally, and I think this is non-debatable in the USA (though I'm up for debate, and to be wrong), C-levels have their primary and sole obligation to shareholders.
No. Shareholders have a residual claim. Corporations have to obey the law, pay their debts, and pay their other obligations first. Shareholders may only claim from what remains.
- anoncake 7y agoManagement isn't the corporation.