Directors Beware! Caremark to Centro
Co-author: Ashok K. Gupta Index Introduction When is it possible to investigate whether the directors of a company have done their job properly or not? Only when the wheels have fallen off the cart. Things can go wrong for a company in two ways which we’ll call Type I and II situations for simplicity: In […]
Can You Pull a ‘Musk’ in India?
The Midnight Email In November 2022, newspapers reported [1] that Elon Musk had sent his new employees at Twitter a midnight email offering them a choice between longer working hours or three months’ severance pay. The subject line of the email was said to be ‘a fork in the road.’ Musk allegedly issued this ultimatum […]