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