LogFAQs > #967053488

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Topic	GME above $37 again as news of corruption got exposed and Germany confirmed it
realnifty1 08/03/22 8:00:22 PM #33:	Ruvan22 posted... I meant the refusal to pay a consulting group/contractor because you say it's "against the best interests of shareholders" Kind of gray, will be interesting to see it play out in court honestly. The argument is that they commissioned the BCG to form a plan for them to improve the company and that BCG provide them with a plan that wasn't feasible ( bad for shareholders is a violation of the company's fiduciary duty ). Now can GameStop prove in court that BCG gave them a bad plan, I don't know. But if you hired an architect to design you a house and they gave you plans for a moon base you might feel you shouldn't pay them. <cite>realnifty1 posted [p:967053488] in GME above ... [t:80116896]...</cite> <quote>Ruvan22 posted... </cite> <quote>I meant the refusal to pay a consulting group/contractor because you say it's "against the best interests of shareholders"</quote> Kind of gray, will be interesting to see it play out in court honestly. The argument is that they commissioned the BCG to form a plan for them to improve the company and that BCG provide them with a plan that wasn't feasible ( bad for shareholders is a violation of the company's fiduciary duty ). Now can GameStop prove in court that BCG gave them a bad plan, I don't know. But if you hired an architect to design you a house and they gave you plans for a moon base you might feel you shouldn't pay them. </quote> ... Copied to Clipboard!
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