alt Hacker NewsIANAL but no, executives are not actually legally required to increase shareholder value.
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irishcoffee • yesterday at 8:58 PM
https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.#Judgme...
Allow me introduce you to the inception of enshittification
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They generally are aiui. Bluesky was formed as a PBC, which is basically a corporation where investors cannot sue for deralict of fiduciary duty.