Re:My former employer Opera Software has filed a lawsuit aga...
by Symmetry on Tuesday April 30, 2013 @01:05PM
(#5633419)
That's a common belief, but quite false. See Wikipedia:
http://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Company#Sig...
Re:My former employer Opera Software has filed a lawsuit aga...
by wesleyd on Tuesday April 30, 2013 @11:07AM
(#5632575)
I believe the requirement to maximize profit is a requirement of the stock exchanges, not a requirement of being a company.
A company can be created for many different purposes.
Re:My former employer Opera Software has filed a lawsuit aga...
by mikeash on Tuesday April 30, 2013 @11:36AM
(#5632762)
Can you provide a link to the law that says a corporation must maximize profit even when it's against the desires of its shareholders?
Re:My former employer Opera Software has filed a lawsuit aga...
by TheCoelacanth on Friday May 03, 2013 @03:00PM
(#5651938)
Even if that were true, only the shareholders would have standing to sue them for failing to maximize profit. Clearly the only shareholder, the Mozilla Foundation, is not going to sue Mozilla Corporation for doing what the shareholder wants it to.
It's not an implicit nature, it's an explicit legal requirement.