Cancel Culture, Breach of Fiduciary Responsibility & Shareholder Lawsuits
4 Pages Posted: 12 Feb 2021
Date Written: January 28, 2021
This paper discusses the cancel culture and focuses on the moral and legal implications of engaging in activities that reduce corporate profits. Top management that engages in the cancel culture might be opening themselves up to shareholder lawsuits for breach of fiduciary duty.
Keywords: cancel culture, breach of fiduciary duty, shareholder lawsuits, class action lawsuits, Mike Lindell, MyPillow, Trump, Twitter, AOC, Harvard, McCarthy era, corporate social responsibility
JEL Classification: A13, D71, G30, K00, K12, K22, M14
Suggested Citation: Suggested Citation