"This case underscores the reality that it is not only greed that can inspire disloyal behavior by a business fiduciary. In fact, when a business fiduciary lives a plush and comfortable life, derived from substantial distributions from family trusts, he can afford to place other considerations -- such as the achievement of a personal dream, a desire to prove himself a CEO, or a stubborn refusal to admit failure -- ahead of the prudent pursuit of maximum profit, having a silk-sheeted safety net to fall back upon. In this case, that is just what happened." Venhill Limited Partnership v. Hillman, 200 Del. Ch. LEXIS 67 (June 3, 2008).
Well said!
-Marc Ward
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