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Burwell v. Hobby Lobby Stores, Inc., 573 U.S. 682 (2014), is a landmark decision [1] [2] in United States corporate law by the United States Supreme Court allowing privately held for-profit corporations to be exempt from a regulation that its owners religiously object to, if there is a less restrictive means of furthering the law's interest, according to the provisions of the Religious Freedom ...
Founder of Hobby Lobby. Children. 3 including Mart Green. David Green (born November 13, 1941) [1] is an American billionaire businessman and the founder of Hobby Lobby, a chain of arts and crafts stores. He is a major financial supporter of Evangelical organizations in the United States and funded the Museum of the Bible in Washington, D.C.
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The US Supreme Court has also made it clear in Burwell v Hobby Lobby Stores Inc that shareholder value is not a default or overriding aim of corporate law, [139] unless a corporation's rules expressly opt to define such an objective. In practice, many corporations do operate for the benefit of shareholders, but this is less because of duties ...
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Hobby Lobby, 573 U.S. ___ (2014), was a landmark decision [169] [170] by the United States Supreme Court allowing closely held for-profit corporations to be exempt from laws its owners religiously object to if there is a less restrictive means of furthering the law's interest.