It’s a fiduciary duty, not a legal one. It’s an expected act, but no law says they must maximize profits at any cost.
Its an expectation that can be changed and tempered like any other, but the rich class doesn’t want to own up to deciding to destroy people’s lives for their profit, so they hand wave and pretend like someone made them do it.
Maybe a few more bullets will debase them of this clearly reckless belief.
You can sue anyone for any reason in the US. It does not mean you will win.
That’s also a civil action, not a criminal one. A disagreement in contract law, i.e not something that is illegal.
The actual fiduciary duty executives have is to be beholden to their board and shareholders. They can still decide to make long term and humane choices in guiding their companies. That is their remit, they all just pretend not to have it so they can kill people and destroy lives for personal profit.
Counter example: Apple spends millions on improving accessibility for the blind that outstrips the profitability of that subgroup. They were never sued for that action. Additionally they didn’t sue the maintainers of Android for wholesale copying their implementations. It’s a bit more nuanced, mate.
Legally correct.
It’s a fiduciary duty, not a legal one. It’s an expected act, but no law says they must maximize profits at any cost.
Its an expectation that can be changed and tempered like any other, but the rich class doesn’t want to own up to deciding to destroy people’s lives for their profit, so they hand wave and pretend like someone made them do it.
Maybe a few more bullets will debase them of this clearly reckless belief.
No, companies can actually be sued if they fail to act in the most profitable way. As well they should.
You can sue anyone for any reason in the US. It does not mean you will win.
That’s also a civil action, not a criminal one. A disagreement in contract law, i.e not something that is illegal.
The actual fiduciary duty executives have is to be beholden to their board and shareholders. They can still decide to make long term and humane choices in guiding their companies. That is their remit, they all just pretend not to have it so they can kill people and destroy lives for personal profit.
Counter example: Apple spends millions on improving accessibility for the blind that outstrips the profitability of that subgroup. They were never sued for that action. Additionally they didn’t sue the maintainers of Android for wholesale copying their implementations. It’s a bit more nuanced, mate.
Not according to Dodge Brothers vs Ford.
That was settled a long time ago.
Which goes to show how legality isn’t a measurement of correctness.