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Etheeyesterday at 9:52 PM1 replyview on HN

Correct, a quote from the linked wiki article: "Dodge is often misread or mistaught as setting a legal rule of shareholder wealth maximization. This was not and is not the law. Shareholder wealth maximization is a standard of conduct for officers and directors, not a legal mandate. The business judgment rule [which was also upheld in this decision] protects many decisions that deviate from this standard. This is one reading of Dodge. If this is all the case is about, however, it isn't that interesting." — M. Todd Henderson


Replies

newscluesyesterday at 11:04 PM

Strange that this misinformation is never corrected.