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Old 10-19-2017, 07:06 AM   #94
pwalker8
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Quote:
Originally Posted by Gardenman View Post
Publishers are private businesses. They do not have a responsibility to sell books to anyone. They only have a fiduciary responsibility to their stockholders and any contracts they have with their employees and authors.
It actually depends on where they are based. The only ones with a fiduciary responsibility are the directors and execs. In the US, they have a fiduciary responsibility to act in the best overall interest of the company. They are responsible to the stockholders only to that level.

One would argue that a publisher who doesn't sell any books, isn't going to have a company for long.
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