Yahoo’s Board, Insurance and Lawsuits

In the flurry of lawsuits and investigations against Yahoo, launched by very credible parties, including the SEC. There is a little known law that might allow its board of directors to recoup loses through insurance protection, though it will still have to face those charges and lawsuits. And it is that if the board can prove its top executives were incompetent, might they have lied on their CV, then it can ‘turn back the clock’ on the executive’s employment, taking back all pay and declaring all decisions ‘near fraudulent’.