this post was submitted on 29 Dec 2023
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IIRC, in the US, a CEO's job is maximising shareholder value, and failing to do so is malpractice.
When you put it like that, it almost sounds like a scam
The fiduciary responsibility is a little misunderstood. The CEO can't intentionally run the business into the ground but can do things like post short term losses in order to reinvest in development or restructuring, they can be honest when paying their taxes and so forth. The law doesn't require CEOs to be total sociopaths, they do that part all on their own.