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A corporation has a duty to do right by it's shareholders, in this case a shareholder is making a judgement about what he considers right.
by jiggy2011 12y ago
A corporation has a duty to do right by it's shareholders, in this case a shareholder is making a judgement about what he considers right.
- jusben1369 12y agoThat's weird that you sort of put your foot in the water here and are more right than 8 or so of these replies. A business, that Cuban's referencing, job is to optimize shareholder value. There might be rare occasions where that means paying higher costs or having lower revenues than is possible but for the most part the best way to do that is to make as much money (profit) as possible within the law.
- jiggy2011 12y agoThat's assuming that shareholders care most about positive returns, he's stating that for at least his shares that isn't necessarily the case. It also has the side effect of hurting the company's bottom line if he does drop the shares.