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Really? There are CEOs who support Trump. [1] How many of them have sued (much less successfully sued) for breach of fiduciary duty? [1] https://en.wikipedia

• dickman3000 10y ago
  Just because it hasn't happened in these cases doesn't mean there isn't a case for it yet. It's very complex. That's why people pay lawyers. The point I'm making here is that the business world isn't a universe where people can 100% of the time support an outspoken racist, anti-semitic, Islamaphobic, misogynistic, sexual predator authoritarian who wants to put an end to American democracy. Imagine if the CEO of Coca Cola did what Peter Thiel did. You wouldn't think he wouldn't be out on his butt? It's a case by case basis, but saying "business therefor you can say and support whoever you want" is wrong. It's up to YC to do as they wish, I just wanted to point out that things are a little more nuanced here.
  • ryporter 10y ago
    You made a very specific claim in your first sentence, that supporting Trump constitutes a breach of fiduciary duty. Considering how quickly shareholder lawsuits follow announcements of mergers, I would expect lawyers to be circling these CEOs already. Please cite a single example of a CEO under threat of breaching fiduciary duty for supporting Trump.
    • dickman3000 10y ago
      What? No I didn't. I wrote "he could be". It's right there.