Garnish2087

Yes, I believe you’re interpreting that page incorrectly. Fiduciary duties are law bindings for specific relationships and situations not applicable for all publicly traded companies to all shareholders.

I believe you’re confusing that idea with the theory of shareholder supremacy that’s a claim, popularized by the likes of Jack Welch to support their actions.

The background comes from Dodge v. Ford Motor Co. in 1919 which stated

There should be no confusion… A business corporation is organized and carried on primarily for the profit of the stockholders.

and the interpretation has been quite debated.

It’s not actually law and that’s just what companies want to be the belief for them behaving reprehensibly

If you’ve read this post or kept up with his blog occasionally the book treads familiar grounds. I sill think it’s worth the read to have a condensed version.

Doctorow guides you through understanding the AI bubble by proving you don’t need to know the technical jargon or latest developments. All you need to have as a guiding framework is “what technology (actually) does and who it does it to.”

Gee sure would be nice if it weren’t against the law to properly look into the software and reverse engineer it so that couldn’t be a problem