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Tangential to the main point of the story, but why were this CEO’s homes up for grabs when his company collapsed? Isn’t liability limited to the company?
by shawkinaw 8y ago
Tangential to the main point of the story, but why were this CEO’s homes up for grabs when his company collapsed? Isn’t liability limited to the company?
- tyingq 8y ago"Piercing the corporate veil"
- tptacek 8y agoHe was sued as a director of the company for breach of fiduciary duty (in part with respect to executive compensation).
- pjc50 8y agoSome background: https://business.financialpost.com/news/fp-street/the-seven-year-battle-to-get-former-look-communications-directors-to-repay-indemnification https://business.financialpost.com/news/fp-street/the-seven-...