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Some of the law professor quotes in Wikipedia's "Significance" section may be of interest as far as "Known For" vs "Means": > Among non-experts, conventional w
by xethos 1y ago
Some of the law professor quotes in Wikipedia's "Significance" section may be of interest as far as "Known For" vs "Means":
> Among non-experts, conventional wisdom holds that corporate law requires boards of directors to maximize shareholder wealth. This common but mistaken belief is almost invariably supported by reference to the Michigan Supreme Court's 1919 opinion in Dodge v. Ford Motor Co.
Or
> Dodge is often misread or mistaught as setting a legal rule of shareholder wealth maximization. This was not and is not the law. Shareholder wealth maximization is a standard of conduct for officers and directors, not a legal mandate.