Question
Tony is the president of Soprano Corporation (SC). Tony decided that SC should manufacture large, gas-guzzling SUVs just before gas prices rose dramatically. As a
Tony is the president of Soprano Corporation (SC). Tony decided that SC should manufacture large, gas-guzzling SUVs just before gas prices rose dramatically. As a result, SC lost millions of dollars and now the shareholders of SC want to sue Tony for his bad decision.
Would Tony be personally liable for his bad business decision? What would he have to show in order to avoid liability?
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Accounting, Chapters 1-13
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th Edition
1285069625, 9781285069623
