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If I'm reading this correct, there is no law that says they have to do this, but they have to do this.
by JKCalhoun 2y ago
If I'm reading this correct, there is no law that says they have to do this, but they have to do this.
- nailer 2y agoThe law says they have to do this. See https://en.m.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co https://en.m.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
- JKCalhoun 2y agoApparently, from my research, it's not the law. There's fiduciary "duty", but not law. Judge's apparently give wide berth to management to decide what, perhaps long term, is going to be profitable.
- nailer 2y agoFair enough that makes good sense. What bothers me is that Ford’s actions probably were in a good long-term interests of Ford. It seems the ruling was very much focused on the short-term interests.