Jimmy is the ceo of news corp his son johnny runs, Ask an Expert

Management Studies

Jimmy is the CEO of News Corp. His son, Johnny, runs Television Inc. One day Jimmy suggests that Johnny sell Television Inc. to News Corp. Jimmy and Johnny work together to radically inflate the value of Television Inc. Jimmy brings a proposal to the Board of Directors to buy Television Inc. for $500 million dollars even though the corporation is only worth $2 million. The board of directors diligently examines the transaction, but due to clever forgeries, the board does not discover the radical inflation of the corporation. Jimmy never discloses his relationship with Johnny. The sale goes through, and it is shortly discovered that Television Inc., is practically worthless.

A shareholder sues alleging that Jimmy violated his fiduciary duty of loyalty.

Additionally, the shareholder claims that the directors violated their fiduciary duties of care.

Is the shareholder correct?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91410996

Have any Question?Write your Review or question?

Related Questions in Operation Management

Assignmentyou have been assigned by your manager to provide

Assignment You have been assigned by your manager to provide the acquisition strategy to acquire 10,000 Widgets for a multi-year requirement within a notional budget of $100M. The major Line Items are 1) Required Hardwar ...

Question develop a plan for managing your debt how many

Question : Develop a plan for managing your debt. How many sources of debt do you current have, and what are the balances owed on each? What specific behavioral steps do you personally need to take to match your debt asp ...

Answer the following question 1 describe the google

Answer the following Question : 1) Describe the Google Self-Driving Car brand marketing mix during the last year or two. What marketing "P's" or "P" does the Google Self-Driving brand focus on? 2) Where would you place t ...

1 analyse the functions of organization of petroleum

1. Analyse the functions of Organization of Petroleum Exporting Countries and identify OPEC member nations influence and maintain the price of oil through the control of production levels and to generate revenue in recen ...

1 what are the most important qualities an effective leader

1. What are the most important qualities an effective leader should have? 2. What are the qualities you want most in an employee? Why? 3. How do your employees react to your leadership? 4. What is the role of effective c ...

1 successful web portals have a high degree of stickiness

1. Successful Web portals have a high degree of stickiness. In about 200 words, explain how a Web portal would increase its stickiness and explain why it would want to do so. 2. In the past, geographic borders have helpe ...

1 define leadership and followership in health follow apa

1. Define leadership and followership in health? Follow APA style for referencing. 2. Why do most companies require audits? Is this a good idea? 3. Explain how individuals navigate in health organizational politics.

Assignment -safety management planwrite and submit for

Assignment -Safety Management Plan Write and submit for assessment a Safety Management Plan for an organisation of your choice. There are many models that you can use to base your Safety Management Plan on. Some models i ...

1 which of the following is a difference between

1. Which of the following is a difference between interactive and non-interactive media? Interactive media are less user-directed, while non-interactive media are more user directed. In interactive media, audience has le ...

1 give and one example of logos pathos and ethos explain

1. Give and one example of logos, pathos, and ethos . Explain how the source uses the appeal. 2. A national consumer foods company has discovered that several batches of its saladdressing have been contaminated with toxi ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert