When I run a business, and I run a business, if I don’t take advantage of the five deductions that are available to me, even if you think those deductions are unfair, then I’ve violated my fiduciary duty.” – Rudy Giuliani
“I don’t think our fiduciary duty is to put shareholders first. I say the opposite. What we firmly believe is that if we focus our company on improving the lives of the world’s citizens and come up with genuine sustainable solutions we are more in synch with consumers and society and ultimately this will result in good shareholder returns.” – Paul Polman, CEO, Unilever
Between the two quotes above, which do you believe better reflects the duty of the fiduciary? Refer to this week’s readings to support your position.
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