Originally Posted by
MickG0105
No one batted a class action eyelid as VA's board embarked on a decade of trashing shareholder value and VA had something like five times as many ordinary shareholders as Rex.
Never say never but I just can't see Rex shareholders going down that path - where's the pay day for a litigation funder? Rex's market cap is less than $150 million and less than half of that is in the hands of minority shareholders.
If it was to happen, it'd be on Rex's grave - the race will be well and truly run by then.
In the bigger scheme of things inside the corporate world, REX is a piddly little granule of sand on a large beach. Shareholders are too few and small in number to risk all for a few possible crumbs via litigation or a shareholder revolt. If REX was Amazon or Microsoft that would be a different story. Besides, BOD’s have it all in hand and have a plethora of legitimate excuses for any bad financial decisions - it was COVID’s fault, Alan was anti-competitive, the Stockmarket tanked, a sunspot affected the flight deck equipment in the old 737’s, Sharpies Mum fell over and broke her leg, someone pinched the keys to the corporate safe....and so it goes.