alt Hacker NewsWe’re constantly told all sorts of stuff. It isn’t clear to me at all that this fiduciary duty exists in law at all, more its a collection of precedents and wishful thinking.
Using fiduciary duty as cover for profiting from the misery of others? Well that’s just some modern American doublespeak. I’m consistently asking myself “Are we the Baddies?” and the only answer I have anymore is yes.
agreed. I've never thought that fiduciary duties meant tossing out all morals and considerations of right/wrong to the point that one must make any decision in a way that will make the most money within legal bounds. I'm no economist or lawyer, but I've always taken it that the duty is to not do dumb shit that will lose money and to do things that protect it. The reading of "make money at all cost" just seems like a strained interpretation, yet it's trotted out very frequently with not enough push back.