>>105920212people often misinterpret and straight up lie about the dodge vs ford case. the issue wasn't about maximize profits but henry ford's role as a controlling shareholder using his power to potentially oppress minority shareholders. dodge brothers only had a 10% stake in the company, and fords decision didn't take those who invested in the company into consideration, which retroactively disfranchised lower shareholders who had a smaller investment. particularity, to hurt shareholders lesser than him.
remember, dodge brothers at the time where using the dividends they were receiving to fund their OWN car manufacturer to compete with ford. it is known ford was not happy about this.
the court intervened because this amounted to an abuse of discretion, not so much over "ensuring shareholders are able to maximize profit." it was to make sure, that those with majority share, do not purposefully make decisions that will NEGATIVELY hurt lesser shareholders.
majority shareholders have a duty to ensure lesser shareholders can achieve success, like them. the top cannot profit from the bottom.