There is a bizarre school of thought that goes as follows: The company has a fiduciary duty to its shareholders, which forces the company to do anything and eve

There is a bizarre school of thought that goes as follows: The company has a fiduciary duty to its shareholders, which forces the company to do anything and everything to maximize profits at all costs. Anyone working for the company who fails to do this can be sued by shareholders for violating their fiduciary duty. Of course this is nonsense. As far as I can tell, "fiduciary duty" simply prevents self-dealing and other unethical behavior by company employees. Such as, for example, a VP selling company-owned real estate to his brother for $1, and saying "well it seemed like a reasonable price".