• granolabar@kbin.melroy.org
    link
    fedilink
    arrow-up
    21
    arrow-down
    3
    ·
    11 days ago

    You are actually not wrong but if they dont obey BoD, it is the shed.

    Bigger question here if this “simplification” is a valid tactic to communicate the message.

    Theoretically BoD could sue the CEO, but i dont think that ever happened in this context… Only in cases of fraud, ie stealing company assets

    • Glytch@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      arrow-down
      1
      ·
      10 days ago

      Something similar has happened. Look up Dodge vs. Ford Motor Co where the Michigan Supreme Court ruled that a ceo must operate in the interest of the shareholders not in the interests of the business and it’s employees.