Re: Oracle's Mission Statement

nospam_at_nospam.net says...  

> Interesting that you didn't post the link. Is it because the full quote is:
> "This author contends, however, that corporations are expected, wherever
> possible, to integrate extrinsics with the corporation's primary obligation
> to maximize shareholder value."
> In other words, this is someone's opinion, not a statute. And, of course, it
> is not at all a defense of your original statement that Larry Ellison and
> Bill Gates have to make every attempt to grow their companies or they're
> breaking the law.

No, they don't have to attempt to "grow their companies" (if indeed such a concept can have meaning in a multi-shareholder company) - they are legally mandated as directors to try and maximise shareholder value - this may or may not mean "growing" the company.

The whole definition of Western capitalist company law is founded on that premise.

Paul...

-- 

plinehan  x__AT__x  yahoo  x__DOT__x  com

C++ Builder 5 SP1, Interbase 6.0.1.6 IBX 5.04 W2K Pro

Please do not top-post.