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Would a person selling shares of themselves owe a fiduciary duty to the shareholders? That could get a little awkward if someone were to come along and offer to
by bandyaboot 4y ago
Would a person selling shares of themselves owe a fiduciary duty to the shareholders? That could get a little awkward if someone were to come along and offer to buy for more than the current market cap. You'd kind of be obligated to sell. I think there's a word for that.
- herval 4y agoImagine getting sued because you posted an Instagram chilling in the middle of the week. Shareholders expect total commitment to shareholder value, slacking off is clearly an issue.
- catchnear4321 4y agoDepends on whether or not the post got enough organic reach. Bots can complicate this. Influencer struggle is real. So ignore instagram, how’s cash flow looking? Probably need to make that public if there’s shares involved. No, no, this wasn’t the right choice. Flamethrowers, quickly.
- markvdb 4y agoThis could be framed as taking care of your mental health. Long term investors would still be in I imagine...
- ftio 4y agoSeems Like A Very Extreme Risk, Yes?
- catchnear4321 4y agoCould ordinarily never see ulterior motives easily.
- rakejake 4y agoIs this a cryptic crossword clue for "slaves"? I know the parent comment spells slaves.
- rakejake 4y agoSorry, meant to say Slaver.
- catchnear4321 4y agoObviously beer exists, yes?
- Thorrez 4y agoftio's comment spells out "slavery". catchnear4321's comment spells out "consume". I'm not sure why your shareholders would want you to consume. The more time you spend consuming the less time you spend producing value for your shareholders.
- catchnear4321 4y agoSomeone needs to buy a second monitor.
- Thorrez 4y agoIf you're going to use the monitor for producing, I would call that investing, not consuming.
- catchnear4321 4y agoMake it a third. Keep buying monitors until productivity peaks. Then add one more. For YouTube.
- Thorrez 4y agoYour shareholders aren't going to be happy about that last one.
- logicalmonster 4y ago> Be you > Load up on Puts on yourself > Intentionally be extremely lazy Infinite profit glitch?
- Centauri 4y agoSurely that's insider trading...
- pjscott 4y agoVery soon the traders will write a program that will warn them of things that look like the well-known "go long yourself then make lazy yourself" strategy, and afterward it'll have negative expected value.
- joneholland 4y agoYou would need to distribute the returns from your puts to your shareholders, which would have the inverse effect. Markets are always efficient ;)
- pjscott 4y agoThere are some of those contracts active in the USA right now, and the people who sell part of their future income do not have a fiduciary duty. I predict that this will not change in our lifetimes.
- s1artibartfast 4y agoThe exception is alimony for the divorced. They have a legal obligation to try to maintain income and are jailed if they fail to do so. If you make 200k as a swe and owe 50%,you are legally obligated to maintain that. You can not decide to become a poor artist for example
- voakbasda 4y agoHow is that not a form of slavery?
- djbebs 4y agoSlavery is explicitely legal in the US
- akomtu 4y agoImagine you've been getting 1M/year (bull market, and overall a very successful swe), then recession comes, your income drops to 200k/year and you're jailed for lowering the standard of life for your alimony beneficiaries.