If a U.S. company is presented with the opportunity to build a plant in a former communist country with less stringent laws on carbon dioxide emissions, what factors should it take into consideration before proceeding with the project? To what extent should they consider the long-term investment interest of the company’s shareholders? Are any other issues relevant to management’s consideration? Would the company’s president, who bypassed this low-risk opportunity to realize profit for the shareholders because of personal political views, have fulfilled management’s fiduciary obligations to the shareholders?