Saturday, May 25, 2024 8:12:36 PM
More importantly, capitalism is governed by laws of equity and fairness. The judge in this case recognizes that directors and the general counsel (!) may have violated their fiduciary responsibilities to shareholders and withheld material information that the award was a true up to compensate themselves for the dilution they themselves created.
Frankly, this raises additional questions about transparency and governance. The $40 plus million award/ bonus is obscene, with the vast majority going to two individuals.
Frankly, this raises additional questions about transparency and governance. The $40 plus million award/ bonus is obscene, with the vast majority going to two individuals.
How is this capitalism, and not a command economy, when a judge by fiat can overrule a vote the supermajority made twice already?
Bullish
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