Remix.run Logo
deaux 11 hours ago

We're now entering complete FUD territory. Firstly your link is aimed at the UK. This thread started about Google and talked about the US. But hey, let's imagine it's focused on the US.

Let me quote what you were claiming:

> the company's board have an affirmative legal obligation to act in the interest of stockholders, regardless of moral impact.

Yet now you're saying yourself:

> failing to advance specifically the company's interests

You silently swapped the "stockholder's" interests - which is what this thread, and the oft mentioned "fiduciary duty", are about - for the "company's" interests. In this legal context, these are two very different things.

And then if you actually read the duties they list (i.e. the ones to the company, not the shareholders) and the breaches they talk about, it's stuff like self-dealing, conflicted transactions, usurping corporate opportunities, securities law violation. This has nothing to do with making business decisions in order to prioritize short-term shareholder value.