Friday, October 31, 2014 5:39:25 PM
The CEO of a company has a duty to take actions which are in the best interests of the company and to avoid actions which are detrimental to the company.
Opie is the CEO of both HTI and AHS. Is putting 50% of HTI into AHS and giving away all rights except the right to manufacture really in the best interests of either or both companies? How about hiding assets in a third company to keep the creditors of HTI from executing against then and also depriving AHS of the benefit of their bargain?
Conundrums like this are just the tip of the iceburg for Opie. I believe that Opie should and will have to answer such questions in court. The only question i really have is if the plaintiff will be shareholders or if it will be the United States of America in a federal criminal case.
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