The reality is "it's complicated". But the strongest form of this - that "companies must maximize profits over ALL over concerns NO MATTER WHAT" is basically a myth. See:

https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-v...

https://www.legislate.ai/blog/does-the-law-require-public-co...

https://lawreview.law.ucdavis.edu/archives/56/5/end-sharehol...

https://news.ycombinator.com/item?id=20325023

https://en.wikipedia.org/wiki/Shareholder_value

So yeah, "fiduciary duty" is a real thing, but that's not quite the same thing as saying that every single decision has to be focused on nothing but profit maximization.

So you think making bad business decisions is holding up to fiduciary duty? You can't throw money at every problem that you'd like to solve, calling that malice is silly was the point I was trying to make.