In the late 1960s a shareholder of the company that owned the Chicago Cubs baseball team sued the company because the directors refused to install lights in Wrigley Field.The court decided that the directors:

Question

Quizplus · Accepted Answer

The court decided that the directors had a rational purpose for not installing lights, as they believed it would affect the neighborhood and the tradition of day games, thus they were protected by the business judgment rule.

In the Late 1960s a Shareholder of the Company That