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by satyrnein
1332 days ago
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> For gods sake, I do not want laws to change to remove a companies requirement of a fiduciary duty so they can adopt more esg goals [3]. What's wrong with people trying out different kinds of organizations, and likeminded people investing in them? > When did saying "I invest in a company for profit related reasons" turn into such a big boogey man. Nobody is trying to prevent you from investing how you want; you are the one who wants to stop others from investing how they want. |
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Why do you think the sec had to require that directors and executives have a fiduciary responsibility to shareholders? Why are executives fined and jailed when they violate this?
Those answers should explain why there is an incentive to not allow public investable companies to fuck with their investor money in a way that isn’t necessarily in their best interest. If they want to do that, you can invest in private companies that the mom and pop investor can’t get hoodwinked into.