(a) Did the directors of a Delaware corporation breach their fiduciary duty when they hired a president...

Question:

(a) Did the directors of a Delaware breach their fiduciary duty when they hired a president with a four-year employment contract that provided for what turned out to be $130 million in termination compensation?
(b) Did the president violate his fiduciary duty when he accepted that compensation?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...