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The fiduciary duty is taken pretty broadly and with a long-term perspective, however; courts don't generally second-guess strategic decisions. For example, Musk
by _delirium 14y ago
The fiduciary duty is taken pretty broadly and with a long-term perspective, however; courts don't generally second-guess strategic decisions. For example, Musk could plausibly argue that the company's long-term reputation with its target audience depends on being seen as brusquely honest. A court is typically not going to get into trying to determine if that's true or not.