> It feels like the board has said, “We don’t care about the company or it’s future, just the price of our stock.”
Well since the board is hired to represent the stockholders...
Well since the board is hired to represent the stockholders...
Of course courts have also upheld the duty to increase stock value too, but still…
All of the ruminating over short term thinking is also nonsensical. A company that has no future has very little value. Perhaps the share holders, or the board, or their CEO have a long-term vision that you disagree with. But this isn’t anything close to an objective fact, it’s just your own self-aggrandising opinion that if you were running the 4th largest company in the world, that you’d be doing a better job.