yeah but even in that case, the CEO of the first company has a fiduciary duty to make that company make as much money as possible. intentionally crashing one company sothat other companies’ stock goes up is a gross violation of duty and can and will be punished as such assuming there’s any shareholders who only own shares of the first company.
!["Helpful" [Super-Fun-Pak Comix]](https://lemmus.org/pictrs/image/d4835f80-c0e2-4970-b129-bfbe62561af2.webp){kind=link}
Twist: you secretly own those companies too
yeah but even in that case, the CEO of the first company has a fiduciary duty to make that company make as much money as possible. intentionally crashing one company sothat other companies’ stock goes up is a gross violation of duty and can and will be punished as such assuming there’s any shareholders who only own shares of the first company.
Musk / Bezos / any CEO: HEHEHE you said “duty”
(They don’t give a shit)
Has anyone ever been prosecuted or punished for beach of fiduciary duty? My understanding is that it’s a noble concept, but absolutely toothless.