3 ms·

Fiduciary duty seems like it should cover that. Surely they have something like that in Finland. https://en.wikipedia.org/wiki/Fiduciary#Breaches_of_duty_and_r

Fiduciary duty seems like it should cover that. Surely they have something like that in Finland. https://en.wikipedia.org/wiki/Fiduciary#Breaches_of_duty_and_remedies https://en.wikipedia.org/wiki/Fiduciary#Breaches_of_duty_and... A fiduciary duty[3] is the highest standard of care at either equity or law. A fiduciary (abbreviation fid) is expected to be extremely loyal to the person to whom he owes the duty (the "principal"): he must not put his personal interests before the duty, and must not profit from his position as a fiduciary, unless the principal consents.

MaysonL 13y ago
Who's the last person you heard of being penalized for ignoring fiduciary duty for personal gain?
- stonemetal 13y ago
  stockholders sue all the time. http://www.bloomberg.com/news/2013-06-14/dole-food-shareholders-sue-over-ceo-s-645-million-bid.html http://www.bloomberg.com/news/2013-06-14/dole-food-sharehold... Not a penalty but the beginning of getting one.
chrisgd 13y ago
Perhaps it was fiduciary duty that led them to sell the Company.