"Have a duty to shareholders to maximize profits" musk is scurd.
HandwovenConsensus @ HandwovenConsensus @lemm.ee Posts 23Comments 200Joined 2 yr. ago
HandwovenConsensus @ HandwovenConsensus @lemm.ee
Posts
23
Comments
200
Joined
2 yr. ago
Unfortunately, that's not true. Dodge vs Ford Motor Co established the precedent of shareholder primacy when Henry Ford was successfully sued for attempting to reduce dividends in favor of reinvesting profits.