Exactly, which is why the whole “fiduciary duty to maximize profits for shareholders” is a totally meaningless/unenforceable/zero-information idea. Shareholders have many many different interests on different time horizons so business operators naturally and necessarily have broad discretion in how they satisfy their fiduciary duties.
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Exactly, which is why the whole “fiduciary duty to maximize profits for shareholders” is a totally meaningless/unenforceable/zero-information idea. Shareholders have many many different interests on different time horizons so business operators naturally and necessarily have broad discretion in how they satisfy their fiduciary duties.