Absolutely untrue. The CEO has a fiduciary duty, not a “line always goes up” duty. They are expected to act in the best interests of the company. In other words, they won’t see legal issues unless they pull something in-your-face malicious.
My last CEO announced to the board, two years in a row, that we would purposefully be losing money to build our staff and products. They applauded.
Absolutely untrue. The CEO has a fiduciary duty, not a “line always goes up” duty. They are expected to act in the best interests of the company. In other words, they won’t see legal issues unless they pull something in-your-face malicious.
My last CEO announced to the board, two years in a row, that we would purposefully be losing money to build our staff and products. They applauded.
TIL
The ”line always goes up " duty often comes from a hostile board, and often after a CEO shake up or a board reelection.