Notice: Uninitialized string offset: 36 in /home/plriskco/public_html/wp-content/themes/plrsik1/functions.php on line 398

Blog

Dscenrio13


An employee of a small business convinced the board of directors that he was qualified to step into the role of resident of the company, and he was appointed.  Under his leadership, the company’s financial position substantially weakened.  On behalf of the company, a shareholder sued the board of directors alleging that they used poor judgment and did not act in the best interests of the company when they appointed the new president.  The case eventually settled for $1,500,000 and legal fees totaled $300,000.

Please follow and like us:
Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.