InvestorsHub Logo
Post# of 122059
Next 10
Followers 148
Posts 7871
Boards Moderated 2
Alias Born 03/15/2002

Re: surfkast post# 121701

Wednesday, 03/27/2024 3:36:40 PM

Wednesday, March 27, 2024 3:36:40 PM

Post# of 122059
A bit more complicated than that. It involves a trustee relationship. If the CEO of Coke drinks a Pepsi while being interviewed on national television, it could be considered a breach of fiduciary duty because the actions would be perceived as not believing or liking their own product. A CEO would or should know better, especially with product placement as a lucrative source of advertising. If the same CEO flips off the interviewer because he doesn't like a question, it isn't a breach of fiduciary duty, even if it adversely affects the price of the stock (reminds me of some of Musk's comments in the past). Making really bad decisions or decisions you disagree with is not enough unless it was designed to serve one's own interest over the interest of the company.

Even though most of Sharps shells are taking a really long time to succeed, it isn't a breach of good faith, or loyalty, or a conflict of interest type thing.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent HMBL News