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The board and executives work for the shareholders. They are required to maximize shareholder value, and taking a lower offer for personal gain is illegal. That
by aneth4 14y ago
The board and executives work for the shareholders. They are required to maximize shareholder value, and taking a lower offer for personal gain is illegal. That is the concern here.
That said, it's hard to have sympathy for investors in a company that flipped for $750M in under two years.
- joering2 14y agoI have a problem with your second statement. Why is it hard for you?? Why does the timing have anything to do? If anything, apploud to Mr. Systrom for building a service that attracted millions in such a short period of time. Every one of us trying to build a startup would love to have the same exit.
- aneth4 14y agoI'm not sure you read me right. I think the investors would have a lot of difficulty establishing that they got a raw deal here given the incredible rate of return.