Well, both, actually. The company is supposed to do what its owners (the shareholders) want. That’s not a loophole, that’s just common sense, but libs turn it into one by buying a few shares and becoming nominal owners. The law didn’t contemplate company ownership weaponized by those whose real agenda doesn’t lie with the interests of the company, so company rules and the law need to adjust to protect against this.
Wow. It’s so hard to believe but then it needs to be changed.