I'm not well-versed in this matter but isn't there some sort of penalty (legal?) for a company making choices that are severely contrary to their shareholders' pockbooks? Explain this like I'm 5 - The Great Awakening

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I'm not well-versed in this matter but isn't there some sort of penalty (legal?) for a company making choices that are severely contrary to their shareholders' pockbooks? Explain this like I'm 5 (media.greatawakening.win) WOKE-BROKE SUDDENLY 🕳️

posted 1 year ago by winn 1 year ago by winn +192 / -1

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– patriotic_legend 1 point 1 year ago +1 / -0

This issue is these companies are probably majority controlled by institutional investors like blackrock. Since blackrock et al will refuse to sue the companies I would assume there is not much recourse.

My assumption would be it takes majority shareholders to sue, I could be wrong in this assumption.

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