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There generally isn't a responsibility to maximize shareholder value. See, for instance https://www.lawschool.cornell.edu/academics/clarke_business_law_institut
by kens 7y ago
There generally isn't a responsibility to maximize shareholder value. See, for instance https://www.lawschool.cornell.edu/academics/clarke_business_law_institute/corporations-and-society/Common-Misunderstandings-About-Corporations.cfm https://www.lawschool.cornell.edu/academics/clarke_business_...
- Grimm1 7y agoOh interesting, I've heard that repeated so many times by so many different people in different places in business including the worry that they might be going against their fiduciary responsibility to the company I kind of just took it as fact. Thanks! I still think that baking the non financial responsibilities into the founding legal documents would go a long way towards preventing those goals from being eroded after the initial founders move on even more so after what you shared as people clearly make the personal decision to prioritize shareholder value above all else then, which is somewhat more disheartening.