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I wonder which one RH cares more about... - their legal fiduciary duty - or shareholder value My guess is like most US companies, revenue generation and shar
by jollofricepeas 6y ago
I wonder which one RH cares more about...
- their legal fiduciary duty
- or shareholder value
My guess is like most US companies, revenue generation and shareholder value is their main concern.
Disagree? There are thousands of similar examples:
- Deustche, Chase, HSBC, etc
- housing / mortgage crisis.
- Enron, VW, Purdue Pharma, Tyco, etc.
- Every annual big pharma qui tam lawsuit.
- kasey_junk 6y agoI don’t mean to sound condescending but your inclusion of the breadbasket of any big company that has acted poorly in a discussion about what brokers legal duties are show why this subject is so fraught. You are extrapolating from any and all corporate scandals behaviors about a particular regulatory regime. Broker oversight is complex and constantly changing but it’s not immaterial. It’s regularly enforced and compliance is a big part of broker ops.
- pkaye 6y agoAren't Deustche and VW German companies?
- Barrin92 6y ago>I wonder which one RH cares more about...- their legal fiduciary duty - or shareholder value Given that Enron ended up losing their shareholders 70 billion caring about the latter without the former isn't really possible. Financial authorities are the ones in the US you don't really want to mess with in particular.