Question: The Chicago National League Ball Club Inc Chicago Cubs operated
The Chicago National League Ball Club, Inc. (Chicago Cubs), operated Wrigley Field, the Cubs' home park. Through the 1965 baseball season, the Cubs were the only major league baseball team that played no home games at night because Wrigley Field had no lights for nighttime baseball. Philip K. Wrigley, director and president of the corporation, refused to install lights because of his personal opinion that baseball was a daytime sport and that installing lights and scheduling night baseball games would result in the deterioration of the surrounding neighborhood. The other directors assented to this policy. From 1961 to 1965, the Cubs suffered losses from their baseball operations. The Chicago White Sox, whose weekday games were generally played at night, drew many more fans than did the Cubs. A shareholder sued the board of directors to force them to install lights at Wrigley Field and to schedule night games. What did the court rule? Why?
Answer to relevant QuestionsJames Gray was the president and managing officer of Peoples Bank and Trust Company. Frank Piecara was an old customer of the bank. Piecara was president of Mirage Construction, Inc. Gray directed Peoples Bank to make a ...Ian McCarthy was president and CEO of Beazer Homes USA, Inc., a publicly held home construction company that was required to restate its quarterly and annual financial statements due to a fraudulent earnings management ...VeriFone Holdings, Inc., a Delaware corporation with its principal place of business in San Jose, California, designs, markets, and services electronic payment transaction systems. In 2006, VeriFone acquired Lipman ...Mickie Wenwoods, an outstanding collegiate golfer, graduates from college and decides to turn professional. To finance her effort to qualify for the LPGA Tour and to cover the cost of travel, housing, food, and a caddy, ...The managements of Combustion Engineering, Inc. (CEI), and Basic, Inc., entered negotiations regarding CEI's acquiring Basic. Despite the secrecy of the merger negotiations, there were repeated instances of abnormal trading ...
Post your question