this post was submitted on 01 May 2024
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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.
If shareholders take you to the court for not prioritizing short-term profit at all costs, are you willing to defend this position?
Yes.
The board must put the interests of shareholders above other stakeholders, but those interests consist of a lot more than just immediate revenues.
Fireball the shareholders.
I wish I could
I'd argue that the 10 year profits are far more important than the quarterly
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!
Sue for what? No self-respecting CEO would accept a position that creates personal tort liability if the stock price doesn't go up.
I feel like you don’t play “line goes up.”
Sorry I only got through the first half of what you said before I was distracted by firing you