Comment by tancop

The real problem is everyday Americans invest in big managed funds where they can't just say "I don't want AI stocks please leave them out my portfolio". Or index funds where even the managers don't get that choice. We need a hybrid model where you as a retail investor leave the day to day decisions to an expert but you can always override them if you want to.

Fiduciary duty forces companies to maximize profit and that's not a good thing. Every dollar paid out to shareholders is both a dollar not invested in growing the economy through more production and a transfer from the working class to capital. It also forces lower product quality, layoffs and anti competitive actions.

We need more companies that choose to not go down that path. They should just put workers and customers first instead of their weird "ethical" principles and cult like beliefs.