Good question from Mr. @NateSkid here. Anyone know the answer?pic.twitter.com/zKzc9HQjil
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.@Kantrowitz @NateSkid People explain this again and again. There is no duty to maximize profits by any & all means. http://time.com/4516100/donald-trump-taxes-fiduciary-duty/ …
interesting. Thanks for sharing :) So the stockholder excuse is out.
but that articles argues against the long term good as a reason - ref Ford vs Dodge
Basically, fiduciary duty doesn't compel you to do anything affirmative, let alone maximize profits.
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