2 ms·
The goal of all American business is exactly the same: maximize the return of profits to the shareholders at large. It is in fact, the law. Do more with less i
by neom 1y ago
The goal of all American business is exactly the same: maximize the return of profits to the shareholders at large. It is in fact, the law. Do more with less is a natural consequence of this.
- closewith 1y ago> is in fact, the law It is not in fact law in the US.
- neom 1y agohttps://corpgov.law.harvard.edu/2021/12/01/dodge-v-ford-what-happened-and-why/ https://corpgov.law.harvard.edu/2021/12/01/dodge-v-ford-what... If directors consistently chose "do less with more" - they'd certainly lose under virtually any legal standard? Edit: I guess it's technically Michigan law, but as far as I'm aware is de facto? Even Aronson v. Lewis wouldn't allow that. (IANAL)