this post was submitted on 01 May 2024
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Adhering to fiduciary duties to shareholders also includes protecting the company's relationship with its customers and its long term sustainability. Cashing out while burning out all the bridges is the opposite of protecting the legitimate rights of the shareholders.
If shareholders take you to the court for not prioritizing short-term profit at all costs, are you willing to defend this position?
Depends if the shareholders are all hedge funds wanting to pump-and-dump or if they're actual investors interested in making the company better!