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> Money locked up in companies is managed at the leisure of its management, regardless of how good that might be for [...] the shareholding owners But the mana
by warkdarrior 1y ago
> Money locked up in companies is managed at the leisure of its management, regardless of how good that might be for [...] the shareholding owners
But the management is aware that the shareholders can apply (direct or indirect) pressure for the money to be used in certain ways. Ultimately the shareholder can sue the management if they think the money is misused.
- Panzer04 1y agoIn the ideal case, but shareholders are distributed and often it's nontrivial to get enough involved to justify the effort and expense.