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by Kamq 54 days ago
This is BS. A shareholder lawsuit against the CEO/board/executives for investing in the employees in the hope of long term profits would never succeed. The idea of a fiduciary duty doesn't mean that. It means the CEO can't take actions that intentionally hurt the company.

And there are very few large public companies with active enough investors to oust a CEO over this, and even fewer that have both active and activist investors that would be interested in such a thing.
1 comments
ranger_danger 53 days ago
There can be other valid perspectives than your own, especially when one makes sweeping black-and-white generalizations without any evidence.

> the CEO can't take actions that intentionally hurt the company

And who gets to define what "hurt" means?

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Kamq 51 days ago
The government.

You'd have to prove that the CEO knew that it would hurt the company and still did it or that it's so ridiculously negligent that any sane person should have known.

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