“Funny, that word, “fiduciary.†From the Latin fiduciarius, meaning “binding faith.†Legally, it refers to a condition of one party acting on behalf of another, with complete agency and assumed trust. In practice, whenever CEOs say it is their “fiduciary duty†to do something, it means they are granting themselves moral license to screw someone. Garcia Martinez, Antonio. Chaos Monkeys (p. 200). Harper Paperbacks. Kindle Edition. Garcia Martinez, Antonio. Chaos Monkeys (p. 200). Harper Paperbacks. Kindle Edition. ”
