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Thanks for the personal insults, Jim. Nice to know we have a worldly man of experience on the board to set us straight.

I submit that your understanding of the fiduciary duties of loyalty and care, and pretty much the entire legal context of business decisions, is hopelessly flawed.

Perhaps rather than preening yourself with comments about your great Harvard Model b-school degree, you should provide, in detail, an analysis of situations where adherence to fiduciary duties has clearly caused executives to do the "wrong" thing. And then, please define for all of us the "right" thing to do: you appear to have a monopoly on both compassion and political correctness, so I'm certain we could be enlightened by such an exalted intellect as yours.

Which is not to suggest in the slightest that there aren't bad decisions made by corporations. But to suggest that adherence to principles of fiduciary duty necessarily encourages managers to make bad decisions, well, that's a pretty far-fetched proposition, even for you.

Is this your approach to labor relations, also?