Bayport International Holdings Inc. (BAYP): I am sure Daddy used that as his defense...

Bayport International Holdings Inc. (BAYP)

Reply Private New

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

Followers	105
Posts	43467
Boards Moderated	4
Alias Born	02/13/2010

Sheepdog

Re: rubs1 post# 98150

Tuesday, 09/08/2015 10:08:19 PM

Tuesday, September 08, 2015 10:08:19 PM

I am sure Daddy used that as his defense in his fraud suits also. The problem with that position is that "thought" actually requires the use of thought.

The Business Judgement Rule protects management from making wrong, bad or even stupid INFORMED decisions. It is not a defense for gross negligence or worse...specially when management has hijacked the company from the shareholders as this "most ethical CEO" has.

So while one side says Porter is the most ethical, but the dumbest CEO, the other side says he is just a conman.

The Porters, Dad, Son and wife, have known these "business decisions" were bogus, designed solely to pump the price for their personal gain.

I have no humble opinions, but I do have opinions and those are what I express in my posts. BUT...I have been wrong before and likely will be wrong again so do your own research and don't blame me if you are too lazy to do so.