subject
Business, 31.10.2019 01:31 balancingmist1827

Monica beam, a shareholder of martha stewart living omnimedia, inc. (mso), filed a derivative action against martha stewart and the other mso board of directors, alleging that stewart breached her duties to mso by illegally selling imclone stock and mishandling media attention, thereby jeopardizing the financial future of mso. ms. beam asserted that it would be a futile act to make a demand on the corporation because a majority of the outside directors were not independent of stewart. ms. beam pleaded the particularized facts that director darla moore attended a wedding reception hosted by stewart’s personal lawyer for his daughter and was a longtime friend of stewart; and that director naomi seligman made a phone call to publisher john wiley, inc., to express concern over a planned book critical of stewart. should ms. beam be excused from making a demand on the board of directors to pursue the derivative action because the outside directors were not independent of stewart? [beam v. stewart, 845 a.2d 1040 (del)]

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 08:00
Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.
Answers: 1
question
Business, 22.06.2019 19:50
On july 7, you purchased 500 shares of wagoneer, inc. stock for $21 a share. on august 1, you sold 200 shares of this stock for $28 a share. you sold an additional 100 shares on august 17 at a price of $25 a share. the company declared a $0.95 per share dividend on august 4 to holders of record as of wednesday, august 15. this dividend is payable on september 1. how much dividend income will you receive on september 1 as a result of your ownership of wagoneer stock
Answers: 1
question
Business, 22.06.2019 21:00
Reagan corporation is a wholesale distributor of truck replacement parts. initial amounts taken from reagan's records are as follows:
Answers: 1
question
Business, 22.06.2019 23:00
Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?
Answers: 2
You know the right answer?
Monica beam, a shareholder of martha stewart living omnimedia, inc. (mso), filed a derivative action...
Questions
Questions on the website: 13722363