Why hasn't Elon Musk been sanctioned by his shareholders?
"If a CEO is found to have intentionally destroyed shareholder value, they could face legal action from shareholders through a shareholder derivative lawsuit, potentially leading to personal liability, fines, or even removal from their position. The board of directors is responsible for overseeing the CEO's actions and can take steps to remove them if they believe the CEO is not acting in the best interests of the shareholders." according to Google.
I suspect its another example of the failure of the so-called capitalist or market system.
No comments:
Post a Comment