Re: "not in the best interests of shareholders"
"the duty of a company's board has always been to its owners"
Agreed, and if the board doesn't respect that, it can expect to be voted out and replaced by a board that does.
"the duty of a company's board has always been to its owners"
Agreed, and if the board doesn't respect that, it can expect to be voted out and replaced by a board that does.