> To be clear, business operators have extremely, extremely broad latitude in how they interpret their fiduciary duty to shareholders.

Legally maybe. The market and shareholders will punish you if you deviate from the current standard behavior.

We’ve all seen companies do layoffs just because “Wall Street” was concerned about the economy and then instantly see the stock price spike up.

These negative consequences are all results of bog standard prisoner dilemma issues that need government regulation to make sure everyone picks the good square, but the tech industry and this boards community as well is allergic to the idea that regulations can improve the situation for everyone