(SOLVED) Did a majority of the board of directors have a

Did a majority of the board of directors have a conflict of interest? Was demand on the board
futile? Pierre M. Omidyar and Jeffrey Skoll founded eBay, Inc., a company that hosts an online
auction site. Later, Robert C. Kagle and Margaret C. Whitman joined the eBay board. Whitman
also […]

Both Viacom and Paramount owned a diverse group of entertainment businesses. QVC was a
televised shopping channel. The Paramount board of directors accepted a merger offer from
Viacom at a price of $69 per share. QVC and Viacom then entered a bidding war for
Paramount. QVC ultimately made the highest […]

An appraiser valued a subsidiary of Signal Co. at between $230 million and $260 million. Six
months later, Burmah Oil offered to buy the subsidiary at $480 million, giving Signal only three
days to respond. The board of directors accepted the offer without obtaining an updated
valuation of the subsidiary […]

Congressional Airlines was highly profitable operating flights between Washington, D.C., and
New York City. The directors approved a plan to offer flights from Washington to Boston. This
decision turned out to be a major mistake, and the airline ultimately went bankrupt. Under what
circumstances would shareholders be successful in bringing […]

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Brothers Sydney and Ashley were partners in a real estate partnership in Pennsylvania. They
received identical salaries. Sydney moved to Florida to establish residency so that he could
obtain a divorce there. His lawyer told him not to return to Pennsylvania until he had resolved
his marital problems. After Sydney […]

Arthur, John, and George formed a partnership to drill and maintain cesspools for two years.
After less than two months, John and George sent a letter to Arthur, informing him that they
were dissolving the partnership. Arthur sued the two other men, asking the court to declare that
the partnership […]

Carrie and Laura started a business together to sell bridesmaid dresses online. Carrie spent
months preparing the financials and meeting with potential investors while Laura designed
dresses and found suppliers. Once Carrie was finished with the financials and had identified
some potential investors, Laura announced that she preferred to work […]

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