[chii]

> fiduciary duties

only agents acting on behalf of the owners have fiduciary duty. Of course, if you are a majority owner, but there exists minority owners, you cannot screw the minority owners to profit yourself - i guess this is a form of fiduciary duty.

But if you own it outright 100%, then you don't have such a fiduciary duty to yourself.

[peyton]

You’re missing the concept of foreseeable injury.

[chii]

It is not an injury to an employee to sell the company's operations overseas and close shop in the US. Forseeable injury is applicable to negligence suits, and it is not negligent to change the business model resulting in the employee being out of work.

A company has no legal responsibility to maintain the livelihood of their employees at the cost of the business' profit margins.

[blq10]

Livelihood of employees is also a false start, unionization and the accompanying high wages are also a significant factor in the disparity between Western industry and China.