Re:Did a 1997 merger ruin Boeing?
by dinero_rojo on Thursday January 11, 2024 @03:53PM
(#38958889)
Fairly certain heβs referring to Dodge v. Ford Motor Company, where it was established that a company needs to operate in the best interests of shareholders above all else.
https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.?wprov=...
Also IIRC there was a case before the Supreme Court where the dispute was whether shareholder value was the sole & supreme goal, or there could be other factors involved from other stakeholders (such as workers, the community, ...).
The Supremes ruled for shareholder value.
However I forget details of ths case. If anyone here happens to know what case I am referring to, please chime in.
Re:Did a 1997 merger ruin Boeing?
by ameister14 on Friday January 12, 2024 @04:42PM
(#38974528)
I don't know of a case where the Court affirmed shareholder primacy - as far as I am aware it's a state by state thing though since Delaware has it in their code it impacts a massive number of corporations.
Re:Did a 1997 merger ruin Boeing?
by dragonwriter on Friday January 12, 2024 @01:05PM
(#38971574)
You are probably thinking of the case described in GP, which is the decision of the Michigan Supreme Court on this issue.
in my opinion, it seeems to have been enormously on the rise since the end of world war 2 and especially after the end of the cold war.