alt Hacker NewsDefinitely not a myth, friend. Read this article from Harvard Business School: https://online.hbs.edu/blog/post/fiduciary-duty-to-investors
"Accepting funding from investors puts you in a fiduciary role in which you’re responsible for managing their money and putting their needs above your own"
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Nothing in that article says you're obligated to maximize profit, and you're not:
> To quote the U.S. Supreme Court opinion in the recent Hobby Lobby case: “Modern corporate law does not require for-profit corporations to pursue profit at the expense of everything else, and many do not.”
https://www.nytimes.com/roomfordebate/2015/04/16/what-are-co...
Executives are free to pursue near-term profit at the expense of everything else if they choose, and the shareholders are free to replace them if they don't. That's a choice by those executives or shareholders though, not an obligation.
Where on that page is there anything to indicate that hiring more QA or mods would be so bad as to be considered a breach of fiduciary duty? That seems like a pretty big exaggeration, at best.
This behavior is a matter of incentives, not obligations. No need to apologize for them.
"Fiduciary duty" does not mean "pursue profit to the exclusion of all other considerations".
The reality is "it's complicated". But the strongest form of this - that "companies must maximize profits over ALL over concerns NO MATTER WHAT" is basically a myth. See:
https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-v...
https://www.legislate.ai/blog/does-the-law-require-public-co...
https://lawreview.law.ucdavis.edu/archives/56/5/end-sharehol...
https://news.ycombinator.com/item?id=20325023
https://en.wikipedia.org/wiki/Shareholder_value
So yeah, "fiduciary duty" is a real thing, but that's not quite the same thing as saying that every single decision has to be focused on nothing but profit maximization.