the way i understand it, the company has an obligation to fulfill “shareholder’s requests”, which is maximizing profits in 99% of cases, at least on publicly traded companies.
There’s no such thing. There COULD be something like shareholders voting on smthing and those votes are binding, but the agenda is declared by the company and can be only shiet like dividends rate, certain acquisitions, etc. Not the company strategy itself.
They actually have a legal obligation to maximize profits. It’s insane.
Technically they don’t - it’s a lie told often by CEO. But its a lie. https://law.stanford.edu/wp-content/uploads/2023/01/Fiduciary-Duties-of-the-Board-of-Directors.pdf
the way i understand it, the company has an obligation to fulfill “shareholder’s requests”, which is maximizing profits in 99% of cases, at least on publicly traded companies.
Same document, section about Shareholders.
There’s no such thing. There COULD be something like shareholders voting on smthing and those votes are binding, but the agenda is declared by the company and can be only shiet like dividends rate, certain acquisitions, etc. Not the company strategy itself.