Earlier quoted context omitted.
This is a complete falsehood. https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...
In your haste to defend the idiocy of shareholder causing constant enshittification, you accidentally forgot to read the comment you’re replying to. Businesses are legally bound to act in the best interest of their shareholders. This is quite an open ended precedent.
Businesses are legally bound to follow the official decisions of shareholders at official meetings. Anything beyond that is merely "a good idea".