Yes, I'm aware. Also, don't care.Are you aware that corporations have a fiduciary duty to maximize the money the investors make? If they fail in that duty, they can be sued.
Yes, I'm aware. Also, don't care.Are you aware that corporations have a fiduciary duty to maximize the money the investors make? If they fail in that duty, they can be sued.
You might not(and I personally don't), but the investors and corporations have to.Yes, I'm aware. Also, don't care.
The duty isn't to just maximize the short term profits though, is it?Are you aware that corporations have a fiduciary duty to maximize the money the investors make? If they fail in that duty, they can be sued.
Okay.You might not(and I personally don't), but the investors and corporations have to.
According to CNBC who actually discussed this when the news first hit WOTC would spike almost immediately, which can cause the people who wanted it to split to dump their shares at the peak. This can crash the company leaving it far worse than it was but the investors walk away with loads of cash.
Welcome to why investors and corporations make ready-made villains in just about everythingYou might not(and I personally don't), but the investors and corporations have to.
Actually its totally about that. At least according to these activist investors.Well...thisnis about the profits, not that.
D&D is doing OK, but Magic is printing money at an increasingly accelerating rate. Turns out it wasn't a fad?
So, the point being missed here is, the corporation is responsible to maximize value for investors...including people who buy the stock. A rash pump and dump scheme, like these guys want, is contrary to maximizing value for all investors.Are you aware that corporations have a fiduciary duty to maximize the money the investors make? If they fail in that duty, they can be sued.
Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.Are you aware that corporations have a fiduciary duty to maximize the money the investors make? If they fail in that duty, they can be sued.
Bah, what would they know about it? They're probably still running a mono-black Shadow deck and wondering why everyone sideboards blue to make dupes.So saith the U.S. Supreme Court (in those exact words, in 2014).