I wish I were teaching corporations this semester so I could give this quote as a prompt for a final exam and see which of the unwary it traps. This is not the law. https://twitter.com/mattyglesias/status/1040982916149522432 …
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Corporate law does not punish boards for failing to seize every dollar, outside of extremely limited merger contexts. So, given two options, you don't have to seize the one that maximizes the dividend stream in the way posited.
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Sure, corporate law doesn't punish them, but boards/strategy managers will remove anyone who is not executing in a profit-max manner This is an emergent property of global-capitalism, where the owner is not connected to his employees or community What is your take on Dragonfly?
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The evidence that boards discipline managers for taking the most profit maximizing option is weak to nonexistent. I have no take on Dragonfly. I try to stay in my lane.
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I don't find that surprising, who would pay to commission such a study?
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People who want tenure.
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I wish I was in your class ! Lol I'm positive I can provide examples of corporate strategy decisions that are purely profit-based at the expense of stated corporate values. The same people too afraid to speak out against/actively participating in this?http://time.com/5395131/college-bias-kavanaugh-diversity/ …
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