> If it is wasn't that way, they would be acting illegally.
Common misconception.
> Corporate directors are not required to maximize shareholder value.
https://www.lawschool.cornell.edu/academics/clarke_business_...
Common misconception.
> Corporate directors are not required to maximize shareholder value.
https://www.lawschool.cornell.edu/academics/clarke_business_...
"Usually maximizing shareholder value is not a legal obligation, but the product of the pressure that activist shareholders, stock-based compensation schemes and financial markets impose on corporate directors."