Correct. Actually, the directors and shareholders are both bound by the company constitution or charter, as well as the various agreements between them. None of these documents ever say “make money at any cost”, and I suspect this whole fiduciary duty nonsense was pushed down from Wall Street, who of course stand to profit from the concept.

You just got to look at a company like Boeing and how it changed over the years. The fiduciary duty of the directors didn’t change; but the directors certainly did.