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Management doesn't ask shareholders for approval on every decision. They have a duty to act in the best interest of the shareholder. Generally that means not h
by bravo22 5y ago
Management doesn't ask shareholders for approval on every decision.
They have a duty to act in the best interest of the shareholder. Generally that means not having reduced revenue. This is what most people accept. If shareholders want them to do something different they can let them know.
- burkaman 5y ago> Generally that means not having reduced revenue. I think this is the fundamental disagreement we have, and it's probably too big of a conversation for a comment thread. In my philosophy of determining "best interest", revenue is an important consideration, but not the only one and not the most important one. There is certainly no legal duty to increase revenue or stock price or anything like that.