Paypal is a publicly held corporation. I do not quite understand how a CEO has decided to express his political views over his fiduciary duty to the public shareholders to maximize shareholder value.What is to keep a public corporation CEO or Board refusing to relocate operations to Oregon because of the assisted suicide law or Colorado because of the legalization of marijuana? Very slippery slope here The Board needs to fire him for violating his fiduciary duty and if they do not act why would a shareholder who does not agree with his political views not sue him and the board for violating their fiduciary duty in favor of advancing their personal political agenda?
Interesting point. I wonder if some stockholder will begin this action.