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Re:No Science, No Startups: The Innovation Engine We're Swit... by bena on Monday October 13, 2025 @12:43PM (#45570452)
A lot of this comes back to Dodge v Ford. The Dodge brothers sued the Ford Motor Company because Ford wanted to cut prices and invest in the company while removing dividends to shareholders. The Dodges disagreed with this and sued. The courts found in favor of them.

https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.

Re:No Science, No Startups: The Innovation Engine We're Swit... by mike_hearn on Monday October 13, 2025 @12:59PM (#45570670)
Ford was an egregious case though. The court's judgement was surely correct but it also hardly matters for the real world. CEOs usually don't publicly announce they plan to literally and deliberately burn all their profits, even if it in reality they absolutely plan to spend it on vanity projects or whatever.
Re:No Science, No Startups: The Innovation Engine We're Swit... by bena on Monday October 13, 2025 @02:16PM (#45571618)
Regardless of what the intention was, shareholder primacy has roots in that judgment.