Question: In a letter to the Oliveiras, the board explained that it saw no upside-and much downside-to the action and lawsuit proposed in the Demand. What

In a letter to the Oliveiras, the board explained that it saw "no upside-and much downside-to the action and lawsuit proposed in the Demand." What would the "downside" consist of?
Only one member of the iStar board-Sugar man-received an award as an employee. The others who made the decision to change the award were, like Ridings, outside directors. Suppose that the opposite had been true. Would the result have been the same?

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The downside of the action proposed by the Oliveiras consists of a variety of likely possibilities whether or not the action was successful In this case iStar promised awards of company stock to emplo... View full answer

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