Ford was an egregious case though. The court's judgement was surely correct but ...

		mike_hearn 64 days ago \| parent \| context \| favorite \| on: No science, no startups: The innovation engine we'... Ford was an egregious case though. The court's judgement was surely correct but it also hardly matters for the real world. CEOs usually don't publicly announce they plan to literally and deliberately burn all their profits, even if it in reality they absolutely plan to spend it on vanity projects or whatever.

Regardless of what the intention was, shareholder primacy has roots in that judgment.