2 ms·
The BS-mometer on this one is off the scale... Allow me to explain 1 - a bunch of professional investors (the "affected") and money managers buy material stake
by IG_Semmelweiss 7y ago
The BS-mometer on this one is off the scale... Allow me to explain
1 - a bunch of professional investors (the "affected") and money managers buy material stakes in Oracle
2 - the affected elect the CEO
3 - the affected elect board members
4 - the CEO explores, consults and executes on M&A transaction
5 - the board members vote on M&A deal
6 - the largest affected hear specifics of M&A deal and weigh in
7 - deal loses money. The affected want to sue.
I count no less than 4 times in which the affected as stakeholders should have made better decision. And a few other steps when other parties would have prevented problems if the affected parties had not been asleep at the wheel
These sort of lawsuits never happen because the improbability of investors clawing money back off their own (not others) mistakes.
And make no mistake. There is an element of sour grapes here.