> The trial, set to begin Wednesday in Delaware’s Court of Chancery, aims to hold Zuckerberg, former Meta COO Sheryl Sandberg and other former executives personally liable for the billions the company spent to resolve allegations that it failed to safeguard user data.
The reply I answered mentioned the fiduciary duty to all shareholders, but, in my limited understanding of the term, based on how I see the term used, this means the company has an obligation to make moneis for the shareholders. Which Meta does, quite well.
Obviously, people can be dissatisfied about anything, but I'm not sure Meta is failing the "fiduciary duty" aspect.
You can't tell your investors that you are going to make money building a farm, and then instead take their money and build houses with it. Even if the end result is you made more money building houses than you ever would have building a farm, you can't lie about your plans for the money. Consider an investor might already be heavily invested in building houses, and they want to diversify their portfolio by by investing in something that builds farms.
You are getting down voted because all the promises FB/META made to investors are available online and they never lied about how they are going to make moneys.
Breach of fiduciary duty is already extremely hard to prove when share prices are down. Mark has the added benefit of the doubt that arises from the fact that his incentives are fundamentally aligned with the company's incentives, given how much of his wealth is tied up in those shares.
