Originally Posted by
satpak77
Good points, but in its ultimate, literal, interpretation, publicly traded companies management have responsibility/accountability ONLY to the shareholder. Not employees, suppliers, etc.
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Rrrrrrrriiiiiiigggghhhhhttt. "In theory",.....(and in speeches, town hall meetings, and press releases),...... managements sole responsibility is to the shareholders. If that were true, however, management would not accept (and boards of directors would not authorize) the absurd compensation packages that they receive,....because anything over and above a reasonable pay package should be going to the shareholders.
Meanwhile, in Realville,..... Dougie's taking $30 million out of his shareholders pockets.