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A comment on The IRS Decided to Get Tough Against Microsoft. Microsoft Got Tougher. (2020). Parent comment

Re:The IRS Decided to Get Tough Against Microsoft. Microsoft... by fndksksvdk on Friday October 13, 2023 @11:26PM (#37877849)
Yes, executives can and do excercise personal judgement. But if their actions are unprofitable for long enough, shareholders will vote them out.

You're right that legally there's little way to enforce the intent of CEO actions, that doesn't mean shareholders would let a CEO that puts public good above profits keep his job. Gambles like buying NeXT are more acceptable because they might pay out.

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Re:The IRS Decided to Get Tough Against Microsoft. Microsoft... by acdha on Saturday October 14, 2023 @10:32AM (#37880753)
> Yes, executives can and do excercise personal judgement. But if their actions are unprofitable for long enough, shareholders will vote them out.

None of which is a legal requirement.

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