1EQQ8ZzGD

cause it's more interesting for a US audience. Second one because
it's much less interesting if Tony Stark makes a public
announcement, and two days later the Board reverses it; you
have no reason for an investor to sue. Third, like second, because
it's not interesting if the decision isn't authorized (and
because I doubt that many US companies would require a
shareholder vote for a divestiture). Fourth because if there's
no harm, there's no reason to sue.
[2] This is complicated - in general when suing for breach
of fiduciary duty, you don't sue in your own capacity, but rather
you sue on behalf of the corporation (a derivative suit). To
do that, you need to demand that the Board bring the suit
first, and if they don't want to, you're out of luck. or, you can
demonstrate with your suit that the Board is interested in the
subject matter of the suit — i.e., you'd need to essentially prove
that the Board engaged in an improper transaction before
you could even get into court. The other option, which generally
isn't available, is that you might be able to sue Tony Stark
on your own behalf (a direct suit), but this would require that
Tony was a majority shareholder, or if not one, someone who
as a practical matter controlled the company (this is probably
true), and you'd have to demonstrate that you suffered some
particularized harm that the other shareholders of the corporation
did not suffer (this probably isn't true).
[3] If you're the Ceo of a real estate development company,
it'd be an exercise of your business judgment to decide
to paint all the houses in your new residential sub-division
bright green (however stupid); it'd be waste to burn them all
down. It's pretty hard to commit waste unless you're trying.
[4] Shlensky v. Wrigley, 95 Ill.App. 268, 237 n.e.2d 776
(Ill.App. 1 Dist. 1968).
[5] Though it would certainly be undertaken — every time
the stock price of a company drops, plaintiff's lawyers in Delaware
rush to the court house to file a derivative suit on contingency,
which is usually settled for pennies.
http://www.quora.com/l/boq-ani-ravi
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