Who Said Corporations Have to Maximize Shareholder Wealth?
Ask any law school graduate, and they will probably tell you that Michigan Supreme Court in Dodge v. Ford Motor Co. 170 N.W. 668 (Mich.1919) did. Dodge v. Ford: A Swashbuckling Tale for Maximizing Shareholder Profit The historic case Dodge v. Ford tells a page-turning tale of astonishing innovation, mind-blowing wealth, deep rumination, distrust, and defection. […]