logoalt Hacker News

rjbworktoday at 1:46 AM1 replyview on HN

>Quite often a senior leadership issue because backing stuff up results in $$$ spent, which makes shareholders unhappy.

This is true. The latter half of your comment is not. At best they have a duty to shareholders. But your assertion would mean every time a company posted a loss and the price went down the execs would be in legal trouble, which is nonsense.


Replies

datadrivenangeltoday at 2:38 AM

Shareholder nuisance lawsuits can happen basically any time the stock goes down... or doesn't go up enough, and often companies will settle instead of the expensive fighting...

show 2 replies