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Overwatch 2 is now Steam's "worst game of all time" (www.eurogamer.net)
submitted 3 years ago by [M] to c/games@sh.itjust.works
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[–] 5 points 3 years ago (1 child)

Fiduciary duty is a real thing. Agent/principal relationships require the agent to try and get the maximum return for the level of risk.

Even if a CEO doesn't have a written fiduciary duty in their contract do, the company as a whole usually does.

The CEO of a public corporation reports to the board who report to index fund managers who have a agent/principal relationships with all of their investors.

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  • [–] 3 points 3 years ago (1 child)

    Your examples are not counter points to the original claim of

    Any public company is LEGALLY REQUIRED to care only about profits. It is literally illegal for them to do anything else.

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  • [–] 3 points 3 years ago

    The comment was basically shorthand for "a fiduciary duty exists between corporate leadership and shareholders, creating a legally-enforceable requirement that the only consideration be maximum potential return on investment for existing shareholders and risk."

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