3 ms·
None. Since I am determined to crush this stupid meme, here is a longish thread discussing the relevant case law: https://news.ycombinator.com/item?id=23393674
by mattkrause 5y ago
None.
Since I am determined to crush this stupid meme, here is a longish thread discussing the relevant case law: https://news.ycombinator.com/item?id=23393674 https://news.ycombinator.com/item?id=23393674
The gist of it is that management must act in the best interests of the company generally, but has exceptional latitude in deciding what those are: you don’t need to squeeze every penny from customers if there’s some nebulous but plausible reason why doing so may eventually be good for the company and its shareholders.
Dodge is a tough case because Ford explicitly disavowed any business reason for his actions, but instead framed it as his own philanthropic interest and not, say, a reinvestment in the company or an attempt to grow the customer base.