New Technology Co is a public company whose shares are widely held and listed on the Toronto
Question:
New Technology Co is a public company whose shares are widely held and listed on the Toronto Stock Exchange. In the last year, the corporation's business has struggled, and its share price has fallen from an all-time high of $150 to $15. Over the same period, its competitors have done well, and their shares have increased in value. This month, it was announced that the board of directors had decided that the president should be given a $10 000 000 bonus. Assume that you bought 1000 shares at the peak of the market for $150 000 and your shares are now worth only $15 000. You are very angry that, while the shareholders are suffering, the president is getting this enormous bonus. What can you do?
Step by Step Answer:
Managing the Law The Legal Aspects of Doing Business
ISBN: 978-0133847154
5th edition
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer