ABC is allowed to make poor decisions for their company.
Nothing personal anon but this statement is factually erroneous. Because it is publicly traded, they actually are not allowed to make poor decisions for their company and can be sued to penury for so doing.
When you go public, you take on a responsibility to your shareholders to increase the value of their stock. That requires due diligence and being able to prove in a court of law if necessary that you in good faith did everything in your power to make GOOD decisions for the company.
Perhaps that is why they brought him back? They might somehow think they make more money with him than without him. I don't see that as something that could be true but I don't know their numbers. Just a thought.
Nothing personal anon but this statement is factually erroneous. Because it is publicly traded, they actually are not allowed to make poor decisions for their company and can be sued to penury for so doing.
When you go public, you take on a responsibility to your shareholders to increase the value of their stock. That requires due diligence and being able to prove in a court of law if necessary that you in good faith did everything in your power to make GOOD decisions for the company.
Class action, anyone?
Perhaps that is why they brought him back? They might somehow think they make more money with him than without him. I don't see that as something that could be true but I don't know their numbers. Just a thought.
Thank you for the clarification. Not a lawyer, just sharing a thought.
Likewise!