> He had a legally enforceable mandate to maximize shareholder value. [citation needed] There is no legal basis for this: * https://corpgov.law.harvard.edu/2

> He had a legally enforceable mandate to maximize shareholder value. [citation needed] There is no legal basis for this: * https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-value-myth/ https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-v... * https://www.washingtonpost.com/news/wonk/wp/2013/09/09/how-the-cult-of-shareholder-value-wrecked-american-business/?wprss=rss_ezra-klein&clsrd=&utm_source=dlvr.it&utm_medium=twitter https://www.washingtonpost.com/news/wonk/wp/2013/09/09/how-t... * https://evonomics.com/maximizing-shareholder-value-dumbest-idea/ https://evonomics.com/maximizing-shareholder-value-dumbest-i... It is simply one view that just happened to become popular during the Reagan years and has continued on: * https://en.wikipedia.org/wiki/Friedman_doctrine https://en.wikipedia.org/wiki/Friedman_doctrine And while we're at it, shareholders are not the owners of a corporation: * https://www.currentaffairs.org/news/2021/12/who-actually-owns-corporations-anyway https://www.currentaffairs.org/news/2021/12/who-actually-own...