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A judge is also unlikely to assume the randos on a board are better at upholding fiduciary duty than the company executive. The case that created this BS is one
by R0b0t1 5y ago
A judge is also unlikely to assume the randos on a board are better at upholding fiduciary duty than the company executive. The case that created this BS is one where Henry Ford said literally nothing in his defense and lost.
- djbebs 5y agoWhat are yoy talking about? The "randos" on the board are the ones representing the shareholders...
- R0b0t1 5y agoYes, but are they subject matter experts? The CEO is more likely to be an expert than they are, that's why the CEO is the CEO. The board members' only qualification is having money.