7 ms·
When has quarrels between the board and the CEO of non-public companies ever been the concern of criminal law?
by mseebach 15y ago
When has quarrels between the board and the CEO of non-public companies ever been the concern of criminal law?
- jfoutz 15y agoOh, mostly around the turn of the century with rail, oil, and steel trusts. Just for clarity, i'm not claiming anything like is happening now.
- mseebach 15y agoNow you've tickled my curiosity. Do please elaborate?
- jfoutz 15y agoI guess i don't have an example. apparently JP Morgan used to like to lock people in his library till he got his way - but this specific case is other bank owners, not his board http://en.wikipedia.org/wiki/Panic_of_1907 http://en.wikipedia.org/wiki/Panic_of_1907 Andrew Carnegie negotiated deals between companies he controlled, collecting commission on both sides of the deals. I vaguely remember that being pretty contentious. False imprisonment and collusion are exiting, must have overshadowed the exact circumstances in my memory.
- wpietri 15y agoDo you have an example? The bits that I recall are all government vs trust instead of board + government vs CEO.
- Craiggybear 15y agoWhen the other board members bring charges ... Which they might or might not, depending on the true financial picture of FB. I am certain I would take offence at 1bn being spent on my behalf without prior consultation. Its actually a criminal offence and possibly could construe false accounting. Do you know what those words mean? Spending money demands a paper trail and minuted meeting notes. Or used to. If you can now spend that amount without due ovetsight its no wonder we're financially shafted. He's not the Emporor. Bitch.