I think you’re forgetting the part where the Dodge brothers sued Ford for this and the courts ruled in favor of the brothers Dodge. Saying that companies must act in the sole benefit of their shareholders.
Do you have a citation for that? Honest question as I hadn’t heard this before. Until this point I have always heard that corporations have no legal duty to put shareholder profits over all other considerations. Before anyone wonders, I’m not trying to defend capitalism, which I think is indefensible.
I think you’re forgetting the part where the Dodge brothers sued Ford for this and the courts ruled in favor of the brothers Dodge. Saying that companies must act in the sole benefit of their shareholders.
Do you have a citation for that? Honest question as I hadn’t heard this before. Until this point I have always heard that corporations have no legal duty to put shareholder profits over all other considerations. Before anyone wonders, I’m not trying to defend capitalism, which I think is indefensible.
Lol the citation is literally Dodge v. Ford Motor Co.
Oh, good thing we only have the Doge idjits then… 😐