A "business decision," they called it. Apparently it would have been inappropriate for them to admit to making a moral decision?"
Potentially, yeah. This is related to the argument we had a while back re: corporations. There's a school of thought saying that it violates fiduciary duty for a corporation to make a moral decision, because it decreases shareholder value. This school of thought is IMHO dumb and wrong, but I am not a corporate lawyer.
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Date: 2004-09-28 04:18 am (UTC)Potentially, yeah. This is related to the argument we had a while back re: corporations. There's a school of thought saying that it violates fiduciary duty for a corporation to make a moral decision, because it decreases shareholder value. This school of thought is IMHO dumb and wrong, but I am not a corporate lawyer.