[dragonwriter]

> A "Fiduciary responsibility to shareholders" means exactly what I said: "legally bound to extract profit without these silly notions of empathy or trust".

You can define the term that way, but then it doesn't apply to anything that actually exists. Firms do have enforceable legal obligations to their shareholders, but that isn't one of them.

(OTOH, for a widely-held publicly-traded firm, the set of incentives facing management will encourage much the same behvior that that mythical obligation would require, but the mechanism is entirely different.)