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To be fair, there's a difference here between a publicly-traded corporation and, say, a mom-and-pop hardware store. A publicly-traded corporation can be sued for not extracting the most possible money, which is in line with the OP. A smaller store with few or no external investors can run itself as it damn well pleases, assuming it stays solvent.


My understanding is it applies whether the company is private or public so long as there are any external investors involved.




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