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They have to fulfill their fiduciary responsibilities to shareholders And those shareholders get priority over EVERYONE else in the chain. What the investors
by Zelphyr 11y ago
They have to fulfill their fiduciary responsibilities to shareholders
And those shareholders get priority over EVERYONE else in the chain. What the investors want, the investors get.
- adventured 11y agoIn the case of Facebook, no they do not. First, that's a myth. There is no legal fiduciary responsibility to shareholders beyond the basics required by the SEC (which does not cover anything to do with maximizing profits et al). Second, Zuckerberg controls Facebook. He has less realistic responsibility to the shareholders than almost any other CEO of a big public corporation in US history. The dual class share structure ensures he is able to ignore shareholder concerns and pressure that most other CEOs simply cannot.