Answer the Following: Ron Rader Wants to Buy All of the Stock of the Stock

question 2

Essay

Answer the following:
Ron Rader wants to buy all of the stock of Radmore, Inc. He approaches the officers and directors and offers to pay them $200 per share for each of the shares they hold. The officers
a. and directors agree and then convince the majority of shareholders to sell their stock for $100 per share. Do the other stockholders have a cause of action against the officers and directors? Explain.
Anne, Bob, and Clark are three of the five board members of Starzitz, Inc. One day they meet
_b. by chance for breakfast and decide to transact some corporate business while they are all together. If they decide to declare a dividend and to purchase another building for the
corporation at this meeting, will their actions be binding on the corporation? Explain.
_a. ^{Yes. The officers and directors have a fiduciary duty to the corporation. In this}

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Definitions:

Referent Power

A form of influence that relies on the charisma and likability of the leader, where followers admire and identify with the leader, often emulating their behaviors and attitudes.

Transformational Leaders

Leaders who inspire and motivate followers to achieve extraordinary outcomes by transforming their attitudes, beliefs, and values rather than merely managing transactions.

Visionaries

Individuals known for their ability to envision and anticipate future trends, developments, or innovations.

Servant Leader

A leadership philosophy where the main goal of the leader is to serve. This type of leader prioritizes the needs of the team and organization over their own.