Mac-7
Diamond Member
- Oct 9, 2019
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That varies from person to personWhat do shareholders do to earn their dividend checks compared to the employees who create the profits those common-law entitlements derive from?However involuntary taking of money from people who earn it and giving the money to deadbeats who didnt earn it is a form of socialism
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A Legal Theory of Shareholder Primacy
"Shareholder primacy is a foundational concept.
"The principle of profit maximization goes to the most basic question: What is the purpose of the corporation and corporate law?
"Although normative debate has persisted over many generations of economic history and academic scholarship, we are in a shareholder-centric era as a factual matter.
"Yet, remarkably, the question of whether shareholder primacy is positive law remains unresolved even today."
Some people are born into money
But many worked very hard to get an education or start a business and managed their money wisely
and others didnt
many Americans squandered their best chances at life