It’s downvoted because it’s wrong; It’s a myth. There is no “legal fiduciary duty” to maximize profits. There is a fiduciary duty to the shareholders, but only

It’s downvoted because it’s wrong; It’s a myth. There is no “legal fiduciary duty” to maximize profits. There is a fiduciary duty to the shareholders, but only in the sense of not wanting to be voted off the board and possibly sued if you mislead them. If the whole board agrees on your plan to bank the company on a possible suicide move, you’re fine.