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> the requirement for CEO's to demonstrate good judgment in managing the company by maximizing profit for shareholders. this is an inanely incorrect urban lege
by davidgerard 5y ago
> the requirement for CEO's to demonstrate good judgment in managing the company by maximizing profit for shareholders.
this is an inanely incorrect urban legend of a claim. The business judgement rule overrides it except in amazingly egregious circumstances, and paying the maintainers of business-critical upstreams would be profoundly unlikely to be such a circumstance.
- localhost1729 5y agoNot really. Payments made to maintainers of business-critical upstreams are only sanctioned at board level if the failure to pay could result in identifiable additional risk to the business. As a general rule, this plays out as a kind of high level socialist monopolizing for big tech, and low level capitalist competition for everyone else.