XYBR - Xybernaut Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : XYBR - Xybernaut

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StockDung who wrote (6511)	4/21/2005 11:10:11 AM
From: rrufff	Read Replies (9) of 6847

Martha Stewart's misdeeds are minor compared to this fiasco. As I posted previously, there is good news for proponents of change in corporate governance. Back before Enron and WCOM, it's unlikely that the Newmans would have been kicked out until the very, very end, after the last penny was milked from the investing public. I only hope that shareholders are able to find attorneys who go beyond the "cookie cutter" approach that typically results in pennies for s/h's and millions for the lawyers. Challenge the indemnity provisions, reach and apply any insurance, go after assets that have been transferred to and from those who committed fraud and breached fiduciary duties. The company's swift move is "a reflection of a somewhat new atmosphere" in corporate governance, said Lawrence Mitchell, a professor at George Washington University who specializes in corporate law and securities regulation. "I would expect that the kind of action the board has taken should in fact protect the company's financial performance," Mr. Mitchell said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next