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If he illegally appoints a board of yes men who remain faithful to him, then it doesn't matter how the board votes: it's not a legal & legitimate board looking
by jauntywundrkind 2y ago
If he illegally appoints a board of yes men who remain faithful to him, then it doesn't matter how the board votes: it's not a legal & legitimate board looking out for the company as a whole.
That case has already been decided. And the board re-voting doesn't change that outcome.
- JamesBarney 2y agoMaybe you missed this but it was the shareholders who voted for it again. Not just the board members. The concern was that even though the shareholders were fully aware of the package and voted for it maybe they relied on the expertise of the board to make sure it was a fair package.
- JamesBarney 2y agoAlso he didn't illegally appoint the board. That was not the issue in this case.