Re:Google combines Maps and Waze teams in restructuring move
by joshuamorton on Thursday December 08, 2022 @10:11PM
(#33916943)
The wikipedia page pretty accurately summarizes why Dodge v. Ford isn't really a useful citation.
Firstly, if an executive says "we believe this is in the interest of long-term shareholder value", the courts basically just defer to their judgement. You can't get the courts to run a company for you.
And second, the precedent has been softened since 1916 (or wasn't even true at the time), and for example some corporations like B-corps explicitly reject it, without any legal consequences.
Firstly, if an executive says "we believe this is in the interest of long-term shareholder value", the courts basically just defer to their judgement. You can't get the courts to run a company for you.
And second, the precedent has been softened since 1916 (or wasn't even true at the time), and for example some corporations like B-corps explicitly reject it, without any legal consequences.