This chapter discusses the concept of fiduciary and the role of boards as fiduciaries for stakeholders. The speaker emphasizes the importance of boards representing the interests of the community, national security, and other stakeholders in addition to the company's largest shareholder. The chapter also mentions the legal obligations of public companies when selling shares to retail investors.
Kara and Scott talk Apple Vision Pro, Disney’s failed lawsuit against Ron DeSantis, and a $100 million deal for the Smartless podcast. Also, will Elon Musk move Tesla to Texas after a Delaware judge voided his $55 billion compensation package? Plus, the upshot of the social media companies' CEOs' testimonies on child safety. Our Friend of Pivot is New York Times reporter Conor Dougherty, who stops by to talk about his piece on the Silicon Valley bigwigs trying to build a city in California.
You can find Conor at @ConorDougherty.
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