Comment by triceratops

> who have a fiduciary duty to maximize profits

* Fiduciary duty to act in shareholders' interests. This is not the same thing as "maximize profits".

Maximizing profits makes the stock price go up. That benefits the C-suite. Because they're paid in stock.

The board designs their compensation package that way because they figure "number go up" is the easiest way to show they're acting in shareholders' interests.