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A comment on Andreessen Horowitz to give half their earnings to charity. Parent comment

Re:Andreessen Horowitz to give half their earnings to charity by tptacek on Wednesday April 25, 2012 @09:52PM (#3891994)
No: majority shareholders of corporations continue to owe fiduciary duty to the minority. This is obviously tangential to the real point, though. Google paid more than 12 SpaceX's for Motorola. Would docking with the ISS help with the Android patent problem?
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Re:Andreessen Horowitz to give half their earnings to charity by keithwinstein on Thursday April 26, 2012 @12:07AM (#3892347)
The directors are fiduciaries. Shareholders aren't fiduciaries and don't owe a duty to other shareholders.
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Re:Andreessen Horowitz to give half their earnings to charity by anamax on Thursday April 26, 2012 @12:38AM (#3892456)
While majority stockholders may not be fiduciaries, googling "duties to minority stockholders" suggests that they have some duties wrt minority stockholders, at least in some cases.
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Re:Andreessen Horowitz to give half their earnings to charity by nostrademons on Thursday April 26, 2012 @05:38AM (#3893102)
IIUC corporate officers are fiduciaries as well; hence, shareholder lawsuits. As CEO of Facebook, Zuckerburg could be liable for wasting Facebook's money.
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