Pharmaceutical company had made record profits in the last 10 years. For each of the first 9 years, PC had declared dividends. In the 10th year, however, PC decides not to declare dividends and to revinvest that money into new drugs. Harry a shareholder who relies on the dividened for income, sues the Board of directors and the officers for failing to issue a divident in the 10th year. who wins and why?

Answer rating: 100% (QA)

Given Tech Touchs profitability and the desire to assume the risk of paying claims for its staff a f... View the full answer