A ceo has a certain fiduciary resopnsibility to shareholders which means:
In the handling of money and when one acts as a corporate or individual trustee, there is a fiduciary responsibility owed to the principal party. It is defined as a relationship imposed by law where someone has voluntarily agreed to act in the capacity of a "caretaker" of another's rights, assets and/or well being. The fiduciary owes an obligation to carry out the responsibilities with the utmost degree of "good faith, honesty, integrity, loyalty and undivided service of the beneficiaries interest." The good faith has been interpreted to impose an obligation to act reasonably in order to avoid negligent handling of the beneficiary's interests as well the duty not to favor ANYONE ELSE'S INTEREST (INCLUDING THE TRUSTEES OWN INTEREST) over that of the beneficiary. Further, if the agent should find him/herself in a position of conflicting interests, the agent must disclose the dual agency (acting for two parties at the same time) or risk being accused of constructive fraud in regards to both or either principals.
Do you feel Berman has lived up to his fiduciary resopnsibilities? What do you think will happen if Berman is sued? You cannot seperate him from the company, he is the company. You act like this is IBM. He continues to release false PR'S and you continue to support him. I just don't get it. Righty posted his DD which stated;
Date: Thu, 01 Nov 2007 16:13:44 -0600
From: "Susan White" <susanwhite@utah.gov>
To: "xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx"
Subject: Re: russell industries
The Division has received a signed reclamation contract from Russell
Industries, but as of yet, we have not signed the contract.
Susan M. White
Mining Program Coordinator
Division of Oil, Gas and Mining
1594 West North Temple
Salt Lake City, UT 84114
(801)538-5258
(801)359-3940 fax
Where Berman released;
HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (Pink Sheets:RSDS - News), has entered into a Small Mine Reclamation Contract with the Utah State Division of Oil, Gas and Mining. The Contract will allow Russell Industries to remove approximately 560 tons of material containing Uranium from the Maynard Topaz Mine. A similar contract should be agreed with the National Forest Service within the next week.
Somebody is not telling the truth...
