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What you're desrcbing is fiduciaries violating their responsbilities to shareholders.

• ChuckMcM 6y ago
  I am sure that at least 50.1% of voting shares explicitly approve any crazy scheme Alphabet comes up with. That has been their get-out-of-jail-free card since, well forever.
  • Traster 6y ago
    50.1% doesn't magically absolve you of the responsibility to maximize shareholder value. They could vote to sell to Alphabet for $1 - it would result in a massive lawsuit.
    • ChuckMcM 6y ago
      Yes, people can and will sue for any reason. But in this case this is how the suit would likely go ... plaintiff: "Your honor these share holders are suing the company for violating its fiduciary duty." company; "Your honor, we know that some share holders may not always agree with the majority, but we made sure that over 50% of the share holders were on board with every decision we've made. We move to dismiss." Judge: "You have documented that the majority agreed?" company: "Yes your honor" Judge: "And every shareholder has access to the bylaws of the company which state in clear and unequivocal terms that all decisions will be decided by a simple majority vote?" company: "Yes your honor." "case dismissed."