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"Fiduciary duty" meaning "the leadership must take any and all actions that increase shareholder value" is a myth. In fact, it just means that the leadership i
by danaris 3y ago
"Fiduciary duty" meaning "the leadership must take any and all actions that increase shareholder value" is a myth.
In fact, it just means that the leadership isn't allowed to do things like buy themselves private jets with corporate funds (unless they get the board's approval, of course).