Welch's Shareholder Lawsuits Don't Exist, Right?

There's no law that says companies are required to maximize their short term profits for investors. Those lawsuits don't exist. What you do have is activest investes who come in and push out the board, say we want to take over the board of craft hines. And it bears noting that in all of welch's 20 years of company, they never faced an actavius threat or a pe threat because he was doing it from within. Ht he was already doing all the activist playbook stuff from within. There wasn't any more fat to cut and people could see it from the outside.