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0 pointsjakelazaroff16d ago0 comments

IANAL but no, executives are not actually legally required to increase shareholder value.

0 comments

They generally are aiui. Bluesky was formed as a PBC, which is basically a corporation where investors cannot sue for deralict of fiduciary duty.

irishcoffee16d ago

https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.#Judgme...

Allow me introduce you to the inception of enshittification

jakelazaroffOP16d ago

The section you linked to says the decision was non-binding, and the next section includes multiple quotes disputing the idea that such a legal requirement exists.

irishcoffee15d ago

I suggest you do your own research on this split. You’re incorrect unfortunately.

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