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.
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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.