6 ms·
IANAL but no, executives are not actually legally required to increase shareholder value.
by jakelazaroff 8mo ago
IANAL but no, executives are not actually legally required to increase shareholder value.
- verdverm 8mo agoThey generally are aiui. Bluesky was formed as a PBC, which is basically a corporation where investors cannot sue for deralict of fiduciary duty.
- irishcoffee 8mo agohttps://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.#Judgment https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.#Judgme... Allow me introduce you to the inception of enshittification
- jakelazaroff 8mo agoThe section you linked to says the decision was non-binding, and the next section includes multiple quotes disputing the idea that such a legal requirement exists.
- irishcoffee 7mo agoI suggest you do your own research on this split. You’re incorrect unfortunately.