But unfortunately you are wrong. 1st its not millionairs. It is a pension fund. These have everyday working bods as their members trying to earn a regular return.
So when the leader of a company make a choice that is not good corperate governance. Then the pension fund investing is required to act in its members interest.
You also made an error when you compare share holding to casino. Casinos are by their very nature gambling stovk port folios are an investment. Based on the information provided by the company.
So yes when a company behave in a way that goes against the investment claims the board made. They are prown to being sued.
Because it is those claims that investors base their risk on. Rather then a casino where your risk is based on knowing full well the house always wins.
Elon has plenty of lawsuits against him.
But unfortunately you are wrong. 1st its not millionairs. It is a pension fund. These have everyday working bods as their members trying to earn a regular return.
So when the leader of a company make a choice that is not good corperate governance. Then the pension fund investing is required to act in its members interest.
You also made an error when you compare share holding to casino. Casinos are by their very nature gambling stovk port folios are an investment. Based on the information provided by the company.
So yes when a company behave in a way that goes against the investment claims the board made. They are prown to being sued.
Because it is those claims that investors base their risk on. Rather then a casino where your risk is based on knowing full well the house always wins.