this post was submitted on 07 Feb 2026
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[–] Grail@multiverse.soulism.net 81 points 2 days ago (16 children)

Well, no. In Iron Man (2008), Iron Man decides that Stark Industries will no longer be selling weapons to the government, and will instead be investing all of its money in clean energy. Then he solves all the wars in the middle east and kills a CEO.

I'm not joshing you, folks, that's literally the plot of the movie. I rewatched it recently, that's exactly what happens.

[–] rockSlayer@lemmy.blahaj.zone 20 points 1 day ago (11 children)

And we know that this is fiction because fiduciary duty means he'd immediately get fired and sued for turning around the company

[–] peopleproblems@lemmy.world 7 points 1 day ago (2 children)

Fiduciary Duty is a lie created in the 80s to make corporate raiders more appealing.

[–] glitchdx@lemmy.world 6 points 1 day ago (1 children)

Look up Dodge v Ford. This case set the precedent for what is now known as fiduciary duty.

[–] peopleproblems@lemmy.world 11 points 1 day ago

They discuss it in the wiki article:

Dodge is often misread or mistaught as setting a legal rule of shareholder wealth maximization. This was not and is not the law. Shareholder wealth maximization is a standard of conduct for officers and directors, not a legal mandate. The business judgment rule [which was also upheld in this decision] protects many decisions that deviate from this standard. This is one reading of Dodge. If this is all the case is about, however, it isn't that interesting.

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