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CALIFORNIA CORPORATE & SECURITIES LAW

Can Shareholders Sue CEOs For Corporate Social Activism?

In an August 17, 2017¬†opinion piece published in The Wall Street Journal,¬†Jon L. Pritchett and Ed Tiryakian had the following message for shareholders: Our message to small shareholders of companies like Starbucks, Merck and Target: You can sue when a CEO decides to institute a corporate social-responsibility program that has no benefit to the business.…

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