Hodder v. Hogg
Hodder v. Hogg
Opinion of the Court
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
The decree dismissing the bill is affirmed at the cost of the appellant.
Reference
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- 1 case
- Status
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- Syllabus
- Equity — Findings of fact — Corporations—Officers—Salaries—Stockholder’s hill. Where on a bill in equity to restrain a corporation from paying salaries to its officers alleged to be unauthorized and excessive, the court finds as a fact that the salaries were authorized by the unanimous action of the directors at a regular meeting at which plaintiff was present, that the plaintiff as an officer accepted the increased salary, and that the salaries were not unusual or excessive, such findings will not be reversed by the Supreme Court where there is ample evidence to sustain them.