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I know nothing of how it works in Finland, but in most countries the board of directors are legally obligated to act in the interests of shareholders. Knowling
by zmmmmm 13y ago
I know nothing of how it works in Finland, but in most countries the board of directors are legally obligated to act in the interests of shareholders. Knowlingly acting otherwise can be one of the few things that can bring personal liability into the equation. So in theory, the stockholders of Nokia could sue the the board of directors. The problem is, what do you get out of it? They can be stupendously wealthy and it will still not make any noticeable difference to the bottom line. Unless there is a significant stockholder that wants to simply make a point of principle, there will not be much chance anybody has the incentive to pursue it. I hope someone does because at very least I think there is a case to answer here - the whole situation is just too incestuous and dubiously structured right from the start.