Re:Thanks for Submitting Your Résumé to This Black Hole
by Tagore on Sunday March 26, 2017 @02:26AM
(#13959517)
Yep- don't hate the player, hate the game. I'm legally obligated to do so in some cases. That's what fiduciary means.
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Re:Thanks for Submitting Your Résumé to This Black Hole
by tutufan on Sunday March 26, 2017 @03:29PM
(#13962638)
You keep using that word. I do not think it means what you think it means.
Re:Thanks for Submitting Your Résumé to This Black Hole
by Tagore on Friday March 31, 2017 @08:54PM
(#14009693)
Except that is what it means. The term is used mainly in certain contexts these days, so you might have gotten the impression that it only applies in those contexts, but 'fiduciary' has a broader meaning.
To quote from Wiki (I know): "[t]he distinguishing or overriding duty of a fiduciary is the obligation of undivided loyalty" and I'd argue that taking on capital imposes just such an obligation, such that trying to hire the people most likely to maximize your investors return is indeed a fiduciary duty, one that implies other duties.