That’s not what a fiduciary duty is. The fiduciary duty is for a broker dealer to act in your best interests rather than rip you off. A company’s management ha

That’s not what a fiduciary duty is. The fiduciary duty is for a broker dealer to act in your best interests rather than rip you off. A company’s management has a duty to shareholders to work on behalf of the shareholders and not on behalf of their own well being. That usually means profit because that’s what most shareholders own the company for, not for charity. But there is no particular duty to maximize it at all costs. Damage to reputation and legal risk and the like are real concerns. If anything, it’s the self-interested managers violating their duty who cut the most corners and burn goodwill, in the name of hitting short term goals and chasing their bonus.