Stebben84 wrote:Seriously, what the hell does a distinguished corporate law professor have on a distinguished refrigeration professor.
"There are some ideas that are so stupid only an intellectual can believe them."
And then there are the people who have so little thinking ability that they are unable to question something said by an intellectual.
Seriously, all you need is a 30 second search to turn up plenty of examples of stockholders suing corporation management for not working to increase shareholder value. You would also find a number of cases where they have won.
Now are you going to tell me that all those lawyers and judges are wrong? That they "cannot" (in the prof's words) do what they are doing every day?
As to distinguished refrigeration professor snark, 2 points:
I am a "professor" in the same way that Obama used to be a "professor" That is to say, not at all. We were both Adjunct Instructors/Lecturers. Professors are required to do scholarship and publish peer reviewed papers, among other things. Obama never has, AFAIK. (And yes, in case you want to know, I have published peer reviewed journal articles.)
More to the point, I have over 30 years teaching Business Management. I have more than a little experience teaching this very thing, management's obligations to shareholders.
But don't believe me. Do a search and see if you can find any examples of shareholders doing what Ms Harvard says they "can't" do. I already gave you one example and a link to a law firm that brags about how many cases they do along these lines. Surely someone like you can find more examples.