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True, but only to a very limited extent. Ford lost this case because he overtly admitted that he wasn't pursuing profit and because he was deliberately trying
by TheCoelacanth 1y ago
True, but only to a very limited extent.
Ford lost this case because he overtly admitted that he wasn't pursuing profit and because he was deliberately trying to prevent minority shareholders from getting money to start up a rival car company.
If he had just made some vague claim that what he was doing was in the long-term interest of shareholders, he probably would have gotten away with it.