I think you are wrong here. It is empirically possible for a CEO to take a stand. Consider the recent case where Tim Cook told an activist shareholder to "get

I think you are wrong here. It is empirically possible for a CEO to take a stand. Consider the recent case where Tim Cook told an activist shareholder to "get out of the stock" if he didn't recognize certain imperatives beyond ROI (http://www.businessinsider.com/tim-cook-versus-a-conservative-think-tank-2014-2 http://www.businessinsider.com/tim-cook-versus-a-conservativ...).