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Countless shareholder lawsuits say otherwise though. So it may not be their fiduciary duty, but if there's a good chance they get sued if they don't maximize pr
by Sander_Marechal 6y ago
Countless shareholder lawsuits say otherwise though. So it may not be their fiduciary duty, but if there's a good chance they get sued if they don't maximize profits, they will anyway.
- magicalist 6y ago> but if there's a good chance they get sued if they don't maximize profits That's exactly the myth the above link is about, btw.
- vonmoltke 6y ago> Countless shareholder lawsuits say otherwise though. So it may not be their fiduciary duty, but if there's a good chance they get sued if they don't maximize profits, they will anyway. No, they don't. In fact, I can't find any that involve maximizing anything. Also, filing a lawsuit is trivial. Succeeding is a whole other kettle of fish.