26 ms·
why 1919 specifically? in my opinion, it seeems to have been enormously on the rise since the end of world war 2 and especially after the end of the cold war.
by kazen44 3y ago
why 1919 specifically?
in my opinion, it seeems to have been enormously on the rise since the end of world war 2 and especially after the end of the cold war.
- dinero_rojo 3y agoFairly certain he’s referring to Dodge v. Ford Motor Company, where it was established that a company needs to operate in the best interests of shareholders above all else. https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.?wprov=sfti1# https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.?wprov=...
- euroderf 3y agoAlso IIRC there was a case before the Supreme Court where the dispute was whether shareholder value was the sole & supreme goal, or there could be other factors involved from other stakeholders (such as workers, the community, ...). The Supremes ruled for shareholder value. However I forget details of ths case. If anyone here happens to know what case I am referring to, please chime in.
- dragonwriter 3y agoYou are probably thinking of the case described in GP, which is the decision of the Michigan Supreme Court on this issue.
- euroderf 3y agoI should have added, this was a case back in the 1980s.
- ameister14 3y agoI don't know of a case where the Court affirmed shareholder primacy - as far as I am aware it's a state by state thing though since Delaware has it in their code it impacts a massive number of corporations.