There are two standards for a corporate executive to consider: 1) What the majority of the shareholders say 2) What a court would rule if a minority of the shar

There are two standards for a corporate executive to consider: 1) What the majority of the shareholders say 2) What a court would rule if a minority of the shareholders decided to sue the executive on the grounds that they (and presumably the majority stake) are depriving the minority shareholder of profits they have a legal fiduciary responsibility to provide. What you are speaking about is #2. There is a high bar for such lawsuits, but there is a legal standard. http://www.professorbainbridge.com/professorbainbridgecom/2012/05/case-law-on-the-fiduciary-duty-of-directors-to-maximize-the-wealth-of-corporate-shareholders.html http://www.professorbainbridge.com/professorbainbridgecom/20...