can be sued by their own shareholders if they don’t pursue profits hard enough
You can be sued by anyone for anything, but many actions are unlikely to be successful, including that one. In practice, company executives have extremely broad latitude to pursue profits in a way they see fit. If the make the argument in front of court that using Linux, having pretty good customer service, a UI that doesn’t suck donkey balls, and not monetising gambling addicts TOO much is the best path to long term profit, the court isn’t going to say, “you know what I know better than you”.
The shareholders can sue in situations where execs embezzle money, or deliberately fuck the company and leave evidence that they’ve done so, things like that. Not just because they think that the company should do something else.
What absolutely can and does happen is that the shareholders fire the CEO. But a public company doesn’t have to be structured so that that can happen.
You can be sued by anyone for anything, but many actions are unlikely to be successful, including that one. In practice, company executives have extremely broad latitude to pursue profits in a way they see fit. If the make the argument in front of court that using Linux, having pretty good customer service, a UI that doesn’t suck donkey balls, and not monetising gambling addicts TOO much is the best path to long term profit, the court isn’t going to say, “you know what I know better than you”.
The shareholders can sue in situations where execs embezzle money, or deliberately fuck the company and leave evidence that they’ve done so, things like that. Not just because they think that the company should do something else.
What absolutely can and does happen is that the shareholders fire the CEO. But a public company doesn’t have to be structured so that that can happen.