So you think making bad business decisions is holding up to fiduciary duty? You can't throw money at every problem that you'd like to solve, calling that malice is silly was the point I was trying to make.
I didn't say anything remotely like that, so I'm going to assume you're not trying to have a good faith discussion here, and decline to participate any further. Have a nice day.
And this neglecting all duties besides profits thing is real, it is institutionalized by decisions of investors, by managers hired by investors, by regulators "captured" by investors and so-forth. It is the norm. But that doesn't it's a legal or ethical that a given manager or employee has, at least not currently.