The purpose of a joint-stock corp is to create a non-human "shareholder value maximiser" and concentrate power on it https://anomalyuk.blogspot.co.uk/2016/09/checked-power.html …
for shareholders in a company, today, it is decided by a court (that forms a large part of the plot of Cryptonomicon)
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but, *provided shares are widely distributed*, the majority will always be in favour of max-ROI (though they may not know how)
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Then I really need to read Cryptonomicon. So Patchwork is the solution for potential sovcorp leftward drift?
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well technically you should read a corporate law textbook, but I'm guessing that's a lot less fun.
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No, I'm familiar with corporate law. That's a big part of why I'm interested in both this article and now Cryptonomicon.
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point labelled "2" in this http://www.icaew.com/en/technical/business-resources/legal-regulatory-tax-governance/directors-duties/the-icaew-guide-to-the-duties-and-responsibilities-of-directors … is a basic statement of what I mean by minority shareholder rights
@bmarchant3 -
But the assumption is that *normally* since shareholders appoint directors by vote they won't need to keep suing them.
@bmarchant3
End of conversation
New conversation -
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