To: SeekAndFind
The lawsuit needs to be directed at the individuals responsible, not the company.
Suing the company will only result in an even lower stock price.
Suing the individuals (board members, managers) may not end in a big financial settlement but it will fix the problem by causing the removal of those individuals.
6 posted on
06/07/2023 7:19:26 AM PDT by
RoosterRedux
(See my FR homepage for a link to the entire Bible narrated by David Suchet on youtube. FREE!)
To: RoosterRedux
I disagree. Like many companies Target has made the mistake of making their CEO the Chairman of the Board of Directors. The CEO is just an employee of the shareholders, and the shareholders are legally bound to represent the interests of the shareholders (i.e. they are the ones who hire an fire CEOs). Making the CEO his own boss is a gigantic and inexcusable conflict of interest that is harmful to the shareholder interests and in my opinion should be illegal.
Bottom line: CEOs who are also Chairman of the Board are virtually unfreeable no matter what they do. They go when they want to and not before.
10 posted on
06/07/2023 7:39:19 AM PDT by
pepsi_junkie
("We want no Gestapo or Secret Police. F. B. I. is tending in that direction." - Harry S Truman)
To: RoosterRedux
that’s not how corporate lawsuits are done.
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