Reply to post: Re: le -sigh-

FCC clicks off the safety, fires at America's great cable TV box rip-off

Anonymous Coward
Anonymous Coward

Re: le -sigh-

"Fiduciary duty demands investors come first."

I know we're talking about the US here, but the same claim is repeatedly made in the UK, and yet it is untrue.

Section 172 of the 2006 Companies Act (look it up) specifically says company Directors must consider the interests of employees, suppliers, community, environment etc, and not just in a short term context either.

Obviously nobody ever bothers with this, and the consequences of ignoring it are nil, but this is The Law as it has been in the UK for a few years.

Presumably the US has no such equivalent, in theory or in practice?

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