Assuming fiduciary duty didn’t exist, what would the claim be in the lawsuit about morally distasteful business choices?
Generally I’m not aware of any civil claim that would let shareholders sue over bad morals.
Generally I’m not aware of any civil claim that would let shareholders sue over bad morals.
The claim in the suit is notably that the company failed to disclose the behavior, not that they did the behavior (Target notwithstanding), which mostly agrees with your line of questioning.