The Delaware Supreme Court on May 14th held that independent directors, who approved a going private transaction by which a controlling shareholder freezes out the minority, must be dismissed from shareholder litigation claiming inadequate price unless the complaint alleges specific … Continue reading
Stephen Honig
A few years ago, virtually all hospital patients in the United States were billed on a fee-for-service basis. Today at Beth Israel Deaconess Medical Center in Boston (a two billion dollar operation), only about one-third of patients are charged on … Continue reading
At business breakfasts, why do hotels put out huge bread baskets of rolls and buns when no one in a suit will touch them at that hour in the morning? What do they do with the untouched food, I wonder. … Continue reading
What do you do with an expanding young company, led by a visionary founder, when the time comes to replace that visionary with a CEO who has an eye on the “bottom line?” This and other knotty interpersonal issues, … Continue reading
The Supreme Court, by the end of June, must rule whether the State of Texas can refuse to grant a “specialty” license plate to the Sons of Confederate Veterans. Texas has a program to allow the names and logos of … Continue reading
Last Tuesday, the Supreme Court heard appeals from a decision which supported bans against same sex marriage in four states. The questions were: does the Constitution require all states to license same sex marriages and, if not, must a state … Continue reading
Last Wednesday, the U. S. Supreme Court heard the so-called “Death Penalty Case,” wherein prisoners on death row were claiming that the manner of death administered (in those jurisdictions which still had the death penalty) constitutes prohibited cruel and unusual … Continue reading
How do entrepreneurs create value? By finding a market space that is ripe for disruption, and then applying “leverage” to that space. What is the key to a successful start-up? “Market Selection:” figuring out what you are selling, to whom … Continue reading
The Wall Street Journal this morning (April 29th) reports that the SEC is proposing new regulations requiring further substantial disclosure of executive compensation, as mandated by the 2010 Dodd-Frank Act. (Note: SEC releases now confirm….) Although the proposals will require … Continue reading
Although cyber risk typically is cited as the biggest board preoccupation in terms of risk, at least among public and larger companies, other data suggests that preoccupation with cyber risk is over-stated. According to the World Economic Forum (2015 study), … Continue reading