From TFA:

> A business corporation is organized and carried on primarily for the profit of the stockholders. The powers of the directors are to be employed for that end. The discretion of directors is to be exercised in the choice of means to attain that end, and does not extend to a change in the end itself, to the reduction of profits, or to the non-distribution of profits among stockholders in order to devote them to other purposes...

That doesn't exactly support the position that everything a publicly traded company does must generate shareholder value. The judgement reads closer to, "You can't run your publicly-traded company like a charity."