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Apparently this "re-vote" on the same compensation agreement doesn't actually change anything about it being struck down in Delaware courts. At best, this vote
by Zigurd 2y ago
Apparently this "re-vote" on the same compensation agreement doesn't actually change anything about it being struck down in Delaware courts. At best, this vote might influence an appeal.
I had suspected there would be a problem since none of what the Delaware court found to be defective about the deal or the board that was not independent and did no arms-length negotiation has changed. Who knows how much of the rest of the propositions being voted on are also a no-op?