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> If you don't sell your soul to the devil and suck every cent as profit for the shareholders, the shareholders have a right to sue.... That's not actually tru
by mattkrause 4y ago
> If you don't sell your soul to the devil and suck every cent as profit for the shareholders, the shareholders have a right to sue....
That's not actually true, except insofar as anyone can file a lawsuit for basically anything.
Long discussion here https://news.ycombinator.com/item?id=23393674 https://news.ycombinator.com/item?id=23393674 but in brief, Dodge v. Ford is a tough case that gets overinterpreted. More recent ones give enormous latitude to the company's management.
- unity1001 4y ago> More recent ones give enormous latitude to the company's management. That's the problem with common law - more recent ones set a different 'precedent'. The next case can set a totally different 'precedent' and you as a ceo can be part of that 'precedent'. Still evaluates to the same.