On: Ask HN: What happens with stock grants for Twitter employees?

[newswasboring]

No I meant it in a broader sense. Whenever I ask someone why companies are so hyperfocused on growth every single quarter they usually cite fiduciary duty or something. I am not sure if it's a law or a company by law

[vrc → newswasboring]

Companies are hyper focused on growth because growth is priced in to their valuation, either by VCs or the public market. Nobody wants to plunk their money into something that won’t give them a return, and non-growth businesses have to pay investors in things like dividends or royalties to keep their market value.

In terms of fiduciary responsibility, here’s something I found: https://www.upcounsel.com/board-of-directors-fiduciary-duty

I believe you can be sued for breach of this, and can certainly lose your board seat. I would guess it will devalue the company if a breach were to occur.

[ergocoder → newswasboring]

It is probably a guideline where they have to keep delivering more values to the shareholders.

I think it is just a vague guideline because in this instance the board didn't even try to negotiate for a few billions more.