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Sorry, this is not getting at the core of your assertion, but what do you mean by: > There's no legal concept of the oft-asserted “fiduciary duty" ... I can a
by swampthing 11y ago
Sorry, this is not getting at the core of your assertion, but what do you mean by:
> There's no legal concept of the oft-asserted “fiduciary duty"
... I can assure you that "fiduciary duty" is very much a legal concept.
- acdha 11y agoSorry, yes, that could have been more precise. There's a common trope that executives have a fiduciary duty to maximize shareholder value, but that's not actually written into any sort of law for the reasons I mentioned — business is all about judgement calls trying to balance risks and trying to balance short and long-term prospects. I'll edit that to clarify. That doesn't mean that cost shouldn't be considered, only that there's no support for the assertion that “cost is definitely a more important factor” because reasonable people can quite legitimately come to different conclusions. I might think the overseas call center is reasonable, you might think that you'll be able to offer a better customer experience by keeping it in-house or with staff who work for you rather than contractors, etc. and only time will tell how true those predictions are.