I think it's a pseudo-explanation for why someone doesn't live up to his public morality. "Honestly, I really wanted not to close this plant, but we have a res

I think it's a pseudo-explanation for why someone doesn't live up to his public morality. "Honestly, I really wanted not to close this plant, but we have a responsibility to our shareholders." Sometimes even that play fails, such as when shareholders actually wanted Stanley to stay in Connecticut, but management wanted more profit. In that case, they disobeyed the shareholders for their own supposed fiduciary own good.