Just to let you know, No public company has any nor are they legally obligated to promote its stock price or engage in stock promotion as part of any so called fiduciary duty. However a company does have fiduciary obligations to shareholders that may include actions to enhance long-term shareholder value, which is not the same as promoting the stock.
Corporate officers and directors have two primary fiduciary duties & they are 1) Duty of Care meaning make informed, prudent decisions. (some questionable as it relates to James E Honan, Jr. especially w/ his supposed banking / financial background & Steven Hicks’s w/ his verifiable CDA history & SEC sanctions. 2) Duty of Loyalty They act in the best interest of the company and shareholders, not personal gain. They must manage the company competently and in good faith, not necessarily manage the stock price.
There's nothing meaningless about a company promoting it's stock when it's a Fiduciary Duty
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