Originally Posted by Ben Sandilands
The Lateline disclosures, last night, and earlier in the year, raise an important question in company law, which is whether or not the duty of senior managers and boards of directors to maximise returns to shareholders absolve them from being decent, honest citizens, or alternatively, that corporations and their executives and boards have a licence to lie in pursuit of their fiduciary duty.
Has Qantas lied to the Senate, its shareholders, its employees and to its customers?
That is the question of the era Ben, excellent work. The principles underpinning modern financial theory are encapsulated in that single question.