Comment Re:4.5 Billion? With a B?!? (Score 1) 106
Where do people get this idea that company directors are bound by law to make as much profit as possible?
"Fiduciary responsibly" simply means telling the truth about company finances in a timely manner, it has nothing to do with the desire or otherwise to make a profit. The law is that the directors must do what the majority of shareholders want to do, if the shareholders vote to spend more money than they earn then that's what the directors are bound to do.