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"Making money" is not a one-dimensional state - there's a time element to it. Officers in a business do not have a fiduciary duty to "make money" at any given
by blader 15y ago
"Making money" is not a one-dimensional state - there's a time element to it.
Officers in a business do not have a fiduciary duty to "make money" at any given point in time, they have a duty to increase the value of the property they are responsible for managing. As a shareholder, that is absolutely what you would want someone managing your property to do.
Taking an investment in order to increase the value of the company over the long term, even at the expense of making money today, can be the rational thing to do. And it's certainly more rational than without exception focusing on "making money" today.