Re:Conde Nast refuses to run Prop 19 ads on reddit
by tomjen3 on Friday August 27, 2010 @04:24PM
(#1640118)
Condo is a company that exist for one single reason - to make as much money as possible for their share holders. That is their legal requirment, so if they don't do that and leave money on the table they open the self up to liability from their share holders.
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Re:Conde Nast refuses to run Prop 19 ads on reddit
by tullius on Friday August 27, 2010 @04:30PM
(#1640142)
They are a private company owned by the Newhouse family. They can do what they want.
Re:Conde Nast refuses to run Prop 19 ads on reddit
by staunch on Friday August 27, 2010 @05:19PM
(#1640313)
Public or not the officers still have a fiduciary responsibility to those shareholders. Not that there's any concrete way to argue that this issue has anything to do with fiduciary responsibility.