This comment is amazing. I feel like the phrase "companies must maximize shareholder value" is regurgitated dozens of times daily on HN without anyone stopping

This comment is amazing. I feel like the phrase "companies must maximize shareholder value" is regurgitated dozens of times daily on HN without anyone stopping to think about how meaninglessly broad the statement is. Pretty much the only time that fiduciary duty ever comes up (in the sense that it is constantly discussed online) is cases that run up against the Revlon Rule, where you actually have competing offers to buy a company. But there really aren't very many of those.