“Shareholder demands” is usually bullshit. It’s the demands of a few majority shareholders who are greedy beyond measure. I agree with you on your proposition though.
That was a bit tongue in cheek, probably should have put it in quotes or something. The board can more or less make any decision so long as they can plausibly say it’s in the interest of the shareholders. Like you say, this tends to match the interests of only a few entities, not actually everyone with stock.
I feel like a lot of problems arise from this short term view of any board’s fiduciary responsibility to the ‘shareholders’.
“Shareholder demands” is usually bullshit. It’s the demands of a few majority shareholders who are greedy beyond measure. I agree with you on your proposition though.
That was a bit tongue in cheek, probably should have put it in quotes or something. The board can more or less make any decision so long as they can plausibly say it’s in the interest of the shareholders. Like you say, this tends to match the interests of only a few entities, not actually everyone with stock.
I feel like a lot of problems arise from this short term view of any board’s fiduciary responsibility to the ‘shareholders’.