Bob is a shareholder in Gadgets,Inc.He owns 400 shares of the 10,000 shares outstanding.Gadgets has been in business for 14 years and Bob has been a shareholder for the entire time.Gadget has been profitable over the years,but has paid a dividend only once,and that was 8 years ago.The stock of Gadgets is not listed on a stock exchange.Gadgets has recently introduced a couple of unsuccessful products which have lost money.Bob wants to sue the board of directors for the losses caused by the unsuccessful products and to compel the payment of dividends.Discuss Bob's options and any other factors that might be relevant to the outcome of such a suit.What other options,if any,does Bob have?

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The Answer of Bob is a shareholder in Gadgets,Inc.He owns 400 shares of the 10,000 shares outstanding.Gadgets has been in business for 14 years and Bob has been a shareholder for the entire time.Gadget has been profitable over the years,but has paid a dividend only once,and that was 8 years ago.The stock of Gadgets is not listed on a stock exchange.Gadgets has recently introduced a couple of unsuccessful products which have lost money.Bob wants to sue the board of directors for the losses caused by the unsuccessful products and to compel the payment of dividends.Discuss Bob's options and any other factors that might be relevant to the outcome of such a suit.What other options,if any,does Bob have?

Bob Is a Shareholder in Gadgets,Inc