Things that are in violation of management's fiduciary duty to stockholders and should be banned: 1. Golden parachutes. Nothing more than a bribe to get management to agree to a takeover. 2. Management buyouts. If there is value in the company that can be unlocked, management's duty is to unlock it for the stockholders, not to purchase the company them unlock it for themselves. 3. Chairman of the Board is the CEO. Fox guarding the henhouse.
9/15/11 at 6:40am