Fair, this case fits the bill, but it’s interesting we have to go back more than 100 years to find one. Also worth noting that a major fact in this case is that

Fair, this case fits the bill, but it’s interesting we have to go back more than 100 years to find one. Also worth noting that a major fact in this case is that Ford explicitly said and maintained that shareholder value was not his priority. That’s a mistake that business leaders have long since learned from. Wanna drop a billion dollars to add legs to your metaverse characters? Do whatever you want and just present a plausible argument that it serves shareholders. You don’t need evidence, any rationale is fine as long as you don’t explicitly state that you don’t care about shareholder value. Another similar case might by something like eBay v Newmark, in that to the extent shareholders got relief it was because of things the business leaders said about shareholder primacy, rather than any actual actions taken by the company. I guess that’s the real influence of shareholders: boards and executives can do whatever they want as long as when they talk, they don’t speak ill of shareholder primacy.