fiduciary

Musk sued OpenAI last year for fraud, breach of contract and fiduciary duty over OpenAI’s efforts to change its corporate structure.

So much for companies fulfilling a fiduciary duty to shareholders.

He’d been accused years earlier of fraud and breach of fiduciary duty by a former employer, who won a $2.2 million court judgment against him.

A fiduciary is legally and ethically obligated to put your best interest first.

He says the house violated its fiduciary obligations to him, having failed to disclose the level of market interest in the hat or its planned roadshow for the auction.