Court Opinion

ID: 6250491
Source: CourtListenerOpinion
Date Created: 2022-02-17 21:13:20.614592+00
Date Added: 2024-06-11T08:59:24.494556
License: Public Domain

Per Curiam,
This bill was by a stockholder to restrain the directors of a corporation from paying certain increased salaries to the officers on the ground that the increase was not made by any proper action of the board of directors, that the salaries fixed were grossly excessive and out of all proportion to the value of the services and a fraud upon the plaintiff. The findings of fact are that the increase *10was made by the unanimous action of the directors at a regular meeting of the board at which the plaintiff, who was a director, was present; that as vice president of the company he received the increased salary until his connection with the company as an officer thereof ended; that it was not shown that the salaries paid were unusual or excessive or more than the services rendered were worth. There was ample evidence to sustain these findings and they are conclusive of the controversy.
The decree dismissing the bill is affirmed at the cost of the appellant.