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.
https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.?wprov=...