Quote:
Originally Posted by Catlady
As reported last month in the New York Times:
Full NYT article here.
Business Roundtable statement here. |
And it's entirely possible that those who actually do that may face shareholder lawsuits. What people say in public and what they do in reality can be two different things. Keep in mind that the term "shareholder value" does not mean profit above all else, though numerous shareholders have sued corporate officers because the officers didn't maximize profits. It also doesn't mean that there will be an automatic lawsuit if corporate officers spend money on such things.