Sammy Sauron is the CEO of Rings & Things, Inc, a small corporation specializing in custom-made jewelry. Gandalf Gray is one of the corporation's shareholders. Gandalf has discovered that the company has been consistently losing money because Sammy keeps allowing his managers to use the corporate jet and various corporate cars and houses without including it in their compensation packages. Because of this, the company is accumulating hundreds of thousands of dollars of debt, which has caused the value of the stock to decline. Gandalf has requested the managers stop this abusive practice, but the Board of Directors has not taken any action. Is there anything Gandalf can do? O Gandalf can attempt to file a shareholder derivative lawsuit on behalf of the corporation to recover damages. As a shareholder, there isn't anything Gandalf can do except vote against the current board of directors in the 2. next election 3 In his personal capacity, Gandalf can file a lawsuit against Sammy in his capacity as a corporate officer. 4. Gandalf can hire some hobbits to destroy Sammy's rings, but he'll probably take personal liability for doing so