• granolabar@kbin.melroy.org
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    19 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
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      19 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.