Against the Backdrop of President-Elect Trump's Carrier Deal: The Breach of Fiduciary Duty Exposure Caused by Directing a Subsidiary to Undertake a Transaction for the Parent Company's Benefit

Authors

O. C. Nwaeze

Abstract

When Carrier, at then Presidential Candidate Donald Trump's bequest, decided to keep 1000 jobs in Indiana, it did so at substantial economic costs. O.C. Nwaeze examines the millions of dollars in lost profit in terms of the fiduciary duty of Carrier's board members to the shareholders in the company. However, given the ownership situation of Carrier, Nwaeze ultimately concludes that there is no breach of fiduciary duty.

Recommended Citation

O. C. Nwaeze, Against the Backdrop of President-Elect Trump's Carrier Deal: The Breach of Fiduciary Duty Exposure Caused by Directing a Subsidiary to Undertake a Transaction for the Parent Company's Benefit, 4 Emory Corp. Governance & Accountability Rev. 219 (2017).
Available at: https://scholarlycommons.law.emory.edu/ecgar/vol4/iss0/21