@ShadowWolf said:
@tster said:@alostpacket said:@UncleChuckle said:@alostpacket said:this shows plainly that these companies are just trying to abuse the system to make a buck.
They are LEGALLY BOUND to make money for their shareholders above all else.
ORLY?
YA RLY!
Any of the things you posted could be counted as public relations/marketing/tax write-offs. If the executives purposefully tried to loose money they could be sued by the shareholders (as someone already said) and they could even be accused of insider trading if they had sold any shares, or anyone they knew sold shares, or if they or anyone they knew sold short on the company.
It's also up to the opinion of the shareholders. "Maximizing Shareholder Value" is a very generic term. Outside of the immediate and obvious financial benefit, donations create good-will and public recognition which makes people remember the company and/or can be used as a marketing tool.
Typically, most lawsuits have to be in the frame of "this act is designed for the explicit purpose of damaging shareholder value". Otherwise, making a wrong decision could result in a successful lawsuit on the part of each and every shareholder. This could be exploited to avoid paying creditors.
yeah, i know what you guys are saying but shareholders with a lawsuit that said that companies should be hiring H1-B employees in order to save money would get laughed out of court. you have to kind of consider this in context don't you think? At most there have been maybe a handful of lawsuits resulting from Executive compensation, but i dont think I have ever heard of something over peon compensation.