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Also 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
by euroderf 3y ago
Also 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.