7 ms·
If a large shareholder insisted they build a moon base, would they be required to consider that, too? This is approximately as reasonable.
by jbooth 14y ago
If a large shareholder insisted they build a moon base, would they be required to consider that, too?
This is approximately as reasonable.
- untog 14y agoIf a large shareholder insisted that build a moon base, would they be required to consider that, too? If they owned 51% of shares? Well, er...
- deleted 14y ago[deleted]
- mikeash 14y agoI think would. Note that considering it isn't the same as carrying it out. Presumably they'd consider the moon base briefly, notice that the cost/benefit ratio is enormous, and decline.
- deleted 14y ago[deleted]
- delinka 14y agoConsider it, yes. However, how does one define 'consider'? The board looks around at one another, one or two offer negative points against the suggestion, someone calls for a vote and they decide not to do it. 60 seconds from the time the suggestion comes up, it's voted down. I'd say that they "considered" it. But given lawyers and the unlimited ability for people to just file lawsuits, there's probably a legal definition that entails at the least a few hours "consideration" of such proposals. /cynic
- cmelbye 14y agoWell, yeah.