Great Green Theory this week - “Fancy explains that the boards of these companies have a legal obligation to maximize shareholder profits, skewing their incentives to act in the interest of the public.” I guess this is obvious at some level, but I never really realized it was a *legal* obligation for a board.
Great Green Theory this week - “Fancy explains that the boards of these companies have a legal obligation to maximize shareholder profits, skewing their incentives to act in the interest of the public.” I guess this is obvious at some level, but I never really realized it was a *legal* obligation for a board.
Thanks Marshall - yes, they can even be sued if they do something really glaringly out of line with business interests.