correct - its called fiduciary duty & they can sack Worthy BUT

guess who the biggest shareholders by far are ? Delia & MWJ so they are hardly likely to sack themselves are they ? Unlike Chase & Jones they cant be outvoted by the rest of the shareholders.

Posted By: oh arr on December 5th 2005 at 00:50:32

Message Thread

Someone's going to have to explain this to me: the board (NCFC) - Suggy, Dec 4, 21:10:30
- Either way, they want to be bloody sure of two things (NCFC) - Iwan Husarmi, Dec 4, 21:33:29
  - i cannot believe that a new manager with those players (NCFC) - CV_nomad, Dec 4, 21:49:57
    - I cant imagine a new manager playing our best striker on the wings (NCFC) - oh arr, Dec 5, 00:46:51
    - And yet... (NCFC) - Iwan Husarmi, Dec 4, 21:52:00
      - Hamilton had no track record of achievement & had a limited budget (n/m) (NCFC) - oh arr, Dec 5, 00:47:49
      - Not by me he wasn't! (n/m) (NCFC) - Knee Jerk Reaction, Dec 4, 22:09:12
      - Best thing Hamilton ever did (NCFC) - Swanny, Dec 4, 21:59:13
  - Surely nobody sees last season as anything but failure? Fairly rotten one, too? (n/m) (NCFC) - Suggy, Dec 4, 21:35:01
    - agreed (NCFC) - bartman, Dec 4, 22:28:52
    - We budgeted to finish last (NCFC) - Iwan Husarmi, Dec 4, 21:42:06
      - Unfortunately though... (NCFC) - Swanny, Dec 4, 21:46:14
        
        Ah yes...and this manager lost today to a team (NCFC) - Iwan Husarmi, Dec 4, 21:50:45
        
        I fail to see your point about Curbishley (NCFC) - Swanny, Dec 4, 21:55:51
        
        He's had ups and downs as well (NCFC) - Iwan Husarmi, Dec 4, 22:01:11
        
        Yes that a fair enough point (NCFC) - Swanny, Dec 4, 22:10:50
        
        not really (NCFC) - Remmuby AG, Dec 4, 22:03:00
- The boards responsibility is to the company... (NCFC) - SimonOTBC, Dec 4, 21:28:23
  - correct - its called fiduciary duty & they can sack Worthy BUT (NCFC) - oh arr, Dec 5, 00:50:32
  - Link to the board members... (NCFC) - Swanny, Dec 4, 21:30:31
    - Not a lot there, is there? (NCFC) - Suggy, Dec 4, 21:37:26
      - Delia & MWJ have over 50% and can outvote every other shareholder combined - what they say (NCFC) - oh arr, Dec 5, 00:53:34
      - What we do know though... (NCFC) - Swanny, Dec 4, 21:42:31
        
        Unlike the days of Chase & Jones who COULD be outvoted by the rest of the shareholders (NCFC) - oh arr, Dec 5, 00:55:45
      - If it's a vote of the board though, surely they only get one vote each... (NCFC) - SimonOTBC, Dec 4, 21:40:15
        
        so would you vote for your later removal from the board ? (n/m) (NCFC) - oh arr, Dec 5, 00:54:36

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