vanguard whispering in your ear that it might pull out if it doesn't get returns, or any federation of hedge funds, is a pretty big threat.
anyway we totally don't need a highly regulated stock market
reality is the battlefield
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https://cohost.org/NireBryce/post/4929459-here-s-my-five-minut
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in reply to @NireBryce's post:
From what I understand, I think you can be sued if the shareholders suspect that you didn't take decision in the goal of maximizing profit.
More to the point, corporate directors are protected from most interference when it comes to running their business by a doctrine known as the business judgment rule. It says, in brief, that so long as a board of directors is not tainted by personal conflicts of interest and makes a reasonable effort to stay informed, courts will not second-guess the board’s decisions about what is best for the company — even when those decisions predictably reduce profits or share price.
