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Publicly-traded companies are expected to act in the best interest of their shareholders, which includes the obligation to make the best use of free cash. This
by danielfoster 4y ago
Publicly-traded companies are expected to act in the best interest of their shareholders, which includes the obligation to make the best use of free cash. This is Business Law 101.
Management is generally given huge leeway here and shareholders will usually vote with their feet as has happened with Meta.
- Cupertino95014 4y agoCorrect. If you're a shareholder, you can either sue, while you have "standing," or you can just sell and preserve your money. Even if you sue, you probably wouldn't win, and it would be horrendously expensive.
- deleted 4y ago[deleted]