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Re:Assassination Is a Leaky Abstraction by throw0101d on Friday December 06, 2024 @07:46AM (#42339311)
> He had a legally enforceable mandate to maximize shareholder value.

[citation needed]

There is no legal basis for this:

* https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-v...

* https://www.washingtonpost.com/news/wonk/wp/2013/09/09/how-t...

* https://evonomics.com/maximizing-shareholder-value-dumbest-i...

It is simply one view that just happened to become popular during the Reagan years and has continued on:

* https://en.wikipedia.org/wiki/Friedman_doctrine

And while we're at it, shareholders are not the owners of a corporation:

* https://www.currentaffairs.org/news/2021/12/who-actually-own...

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