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I assumed that it's his/their fiduciary duty to maximize profit, and if the current excutive team doesnt do that, they will be replaced with a team that will.
by misiti3780 6y ago
I assumed that it's his/their fiduciary duty to maximize profit, and if the current excutive team doesnt do that, they will be replaced with a team that will.
- jefftk 6y agoExecs have wide latitude to do their jobs, and considering the current circumstances I could see them deciding that declining to take police as customers would be better for the company long term. This would be a very defensible decision legally (not a lawyer). You're right that it could plausibly lead to some sort of shareholder rebellion, but I'd be surprised.
- jefftk 6y agoHere's Amazon making a similar decision: https://news.ycombinator.com/item?id=23482406 https://news.ycombinator.com/item?id=23482406