• jmcs@discuss.tchncs.de
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    7 months ago

    Adhering to fiduciary duties to shareholders also includes protecting the company’s relationship with its customers and its long term sustainability. Cashing out while burning out all the bridges is the opposite of protecting the legitimate rights of the shareholders.

    • TheGreatDarkness@ttrpg.networkOP
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      7 months ago

      If shareholders take you to the court for not prioritizing short-term profit at all costs, are you willing to defend this position?

      • Kichae@lemmy.ca
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        7 months ago

        Yes.

        The board must put the interests of shareholders above other stakeholders, but those interests consist of a lot more than just immediate revenues.

      • Dippy@beehaw.org
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        7 months ago

        I’d argue that the 10 year profits are far more important than the quarterly

      • smeg
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        7 months ago

        Depends if the shareholders are all hedge funds wanting to pump-and-dump or if they’re actual investors interested in making the company better!

      • SkyNTP@lemmy.ml
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        7 months ago

        Sue for what? No self-respecting CEO would accept a position that creates personal tort liability if the stock price doesn’t go up.