Showing papers on "Corporate group published in 1965"
Journal Article•
TL;DR: In this paper, the authors propose a rule that corporate officers or directors may not re-tain sums paid to induce them to resign or to aid others in becoming their successors.
Abstract: Sale ofoffice.-Corporate officers or directors may not re tain sums paid to induce them to resign or to aid others in becoming their successors. This rule was developed in cases where no sale of shares was involved, but it has been in voked also where an agreement for sale of controlling shares required the seller to facilitate the buyer's gaining control of the board by causing successive resignations of directors and substitution of nominees of the buyer. It is
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