The trouble is, companies exist to make money. Even if you have control of a company and don't care about profits, everyone else does. That's the whole point of

The trouble is, companies exist to make money. Even if you have control of a company and don't care about profits, everyone else does. That's the whole point of shareholders overruling CEOs. I don't see a difference between that and majority shareholders who want to set money on fire. If you deliberately pursue actions with little benefit that lose lots of money, any other shareholder should be able to fight it as a breach of duty. Imagine if Exxon took their massive capital and started sabotaging green tech companies by infiltrating their boards and making bad decisions. There is no difference between that and what these investors are doing. Investing in any company to sabotage them should be against the law, especially if you have competing interests.