alt Hacker News> It's his fiduciary duty to investors to choose the most profitable option even if that option is detrimental to society.
Do you realize how insane this sounds?
Replies
deafpolygon • today at 9:34 AM
It does, but without regulatory oversight— this is how capitalism works.
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I do, but that's the unfortunate reality we find ourselves in. It's why you should never trust a publicly traded company that promises to self-regulate, it is impossible for them to do so.
If a CEO consistently passes up large profits to protect society then investors will attempt to put a new CEO in charge.