Quote:
Originally Posted by Shazam
Only companies that are publicly traded have shares?
Oh man.
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You think it would violate fiduciary responsibility to invest in a capital venture that is critical to the corporation's viability?
Oh man.
Fiduciary duty really means to NOT abuse your position for personal-gain. So John Bean can't insist that all tech in the building is supplied by his brother's AV company at an exorbitant cost. Or to insist that the Flames trade five 1sts for Jake Bean and sign him to a league max contract. FD has absolutely no bearing on strategic business decisions by the owners, which is only four guys in this case (though their partnership may have its own governance principles).
It's an insane leap to say that NOT trying to extort your local municipality would violate FD.