company S decides to run a documentary that portrays a challenger in an unnamed presidential election in an unnamed global superpower in a negative light.
advertisers are upset and begin pulling out.
company S then decides to run program without advertisements, thus losing money in order to air the program.
shareholders start balking.
meanwhile, the stock price of company S starts doing this:
company S disregards shareholders and forges ahead with plan to air program without advertisements.
question: is this a breach of fiduciary duty?
discuss.
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