> and could arguably be illegal in a publicly traded company ("best efforts to maximize/preserve shareholder value" etc). There's no way the shareholders win t

> and could arguably be illegal in a publicly traded company ("best efforts to maximize/preserve shareholder value" etc). There's no way the shareholders win this lawsuit. Violating fiduciary duty involves doing things you know won't provide value. Long term planning would be a defense for this. The shareholders could absolutely oust those executives, though. And they may very well do so.