Shareholder Primacy as an Untenable Corporate Norm
Lee, Yong-Shik![Shareholder Primacy as an Untenable Corporate Norm](https://support.digitalhusky.com/media/annotations/sorted/456/45673271/CHSBZCOP0345673271.jpg)
A seminal case in corporate law (Dodge v. Ford Motor Co), set the cardinal principle that corporations must serve the interests of shareholders rather than the interests of employees, customers, or the community. This principle, referred to as "shareholder primacy, " has been considered a tenet of the fiduciary duty owed by corporate directors. The shareholder primacy norm has influenced corporate behavior and encouraged short-term profit-seek...