It’s a fake rule because it applies a logical construct to a set of groups that it doesn’t apply to A fiduciary in the finance sense is specifically intentiona

It’s a fake rule because it applies a logical construct to a set of groups that it doesn’t apply to A fiduciary in the finance sense is specifically intentionally hired by somebody to manage their money that is not the case for a CEO in a corporation You don’t need more than one activist investor for all of your other investors to go along with it so the whole point is, as the lead that you bring in other investors with people who only care about market cap and that’s the whole point of managing a board Beyond that you’re starting to get a whole crop of CEOs and that’s how they believe they believe they are the investor class and they’re gonna do everything in the act like the investor class including fucking over every employee they can If you see a CEO with 90% of a company, you know for a fact, they’re trying to be Potemkin dictator