To: Red Badger
Corporate executives have a fiduciary duty to act in the best interests of their stock holders. Executives that are intentionally hurting the values of their companies by adopting "woke" policies, that destroy stockholder equity, are acting against their fiduciary duty.
Any executive that can be show to adopt corporate policies that they knew would hurt their valuations, can and should be sued by their stockholders.
Any executive who has made statements such as "I dont care if the stock goes down", in response to backlash from woke policies, can be personally sued by the stockholders for their lost equity.
22 posted on
08/24/2023 5:53:51 AM PDT by
MMaschin
(The difference between strategy and tactics!)
To: MMaschin
“Corporate executives have a fiduciary duty to act in the best interests of their stock holders.”
That’s a valid statement - about 40 years ago. Same applies to our congress critters to have a duty to act in the best interests of their constituents, but they don’t. It’s a sign of the times, a sign of our declining culture, a sign of our heading for the sewer much quicker than did the Roman Republic.
Yes, stock holders should sue the execs as well as voters should impeach their reps, but none of this will ever happen.
26 posted on
08/24/2023 6:08:03 AM PDT by
redfreedom
(Joseph Stalin: "It does not mater how anyone votes, how votes are counted is what matters.")
To: MMaschin
> Corporate executives have a fiduciary duty to act in the best interests of their stock holders.But they are, since most of the shares are owned by institutions or investment banks that demand high DEI scores instead of profits, and will dump the holdings of any corporations that don't prioritize ideology over returns.
40 posted on
08/24/2023 6:46:35 AM PDT by
SecondAmendment
(The history of the present Federal Government is a history of repeated injuries and usurpations ....)
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