[gamblor956]

No, that's exactly wrong. They don't have a duty to minimize waste, otherwise they would have a duty to not award golden parachutes or large executive compensation packages or even to pay themselves more than a few hundred bucks a year.

[shawnz]

> otherwise they would have a duty to not award golden parachutes or large executive compensation packages

That's actually true though, they do have such a duty.

http://www.shareholderoppression.com/excessive-compensation

[gamblor956]

That only applies to approving their own excessive compensation..

It helps to read things before you link to then....