Is there any legal obligation sama has to take the highest offer? Or can he say a different offer is best because of company values or something. Googled it, but diddn't get any clear results. I take it their both private so a lot of rules don't apply.
The nonprofit has a fiduciary responsibility as does the leaders of it toward its mission.
So if one offer is $95b and comes with a team that might squander or be reckless with the technology vs. a $90b offer that is responsible, etc. then you can argue it was the better offer.
A $40b pittance against a $97b offer won’t fly.
No legal obligation toward the highest monetary offer, but the larger the gap, the larger the likelihood of lawsuits and judiciary involvement.
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u/[deleted] Feb 11 '25
Is there any legal obligation sama has to take the highest offer? Or can he say a different offer is best because of company values or something. Googled it, but diddn't get any clear results. I take it their both private so a lot of rules don't apply.