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> What is that based on?

It's based on the (US) law. Corporate officers failing to advance the interests of the company can be prosecuted civilly or criminally.

There is no analogous legal obligation to act morally or in the interest of the general public.

https://www.iod.com/resources/governance/fiduciary-duties-fo...

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This is absolutely not true. Your link is focused on the UK, the "interests of the company" are independent of "the interests of shareholders", and the duties/breaches listed there revolve around betraying the company (not shareholders) for individual gain. Insider trading, embezzlement, leaking, conflicts of interests. Nothing at all like "making a decision that prioritizes morals over short-term profits".

Required amorality is a widely told story (by the amoral), but it's disinformation.

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