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Obligation isn’t the right word. There is an “expectation” and it’s enforced by the markets.
by kasey_junk 4y ago
Obligation isn’t the right word. There is an “expectation” and it’s enforced by the markets.
- Cupertino95014 4y agoCorrect, sorry. It's "enforced" by people selling the stock, or, if they're really rich, trying to buy the company and force changes.