In Storetrax.com v. Gurland, where Gurland, founder and president of Storetrax, was fired, the appeals court held that it was improper for a major shareholder to also serve on the board and as president, so he could be fired.

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In Storetrax.com v. Gurland, the appeals court did not hold that it was improper for a major shareholder to also serve on the board and as president. The case primarily dealt with issues surrounding the termination of Gurland and his rights under the agreements he had with the company, rather than the propriety of his holding multiple roles within the company.