Saturday, October 23, 2010

Truth Is Stranger #114: Investor sues for lack of profit

Neighbor, can you say "mammon"? I knew you could!

WILMINGTON, Delaware (Reuters) – A shareholder of Inc sued the company's board members, accusing the ordained ministers of failing to profit from the "goldmine" potential of the namesake Internet property, according to a lawsuit.

James Solakian filed the lawsuit in Delaware's Chancery Court against the board of for breaching their duty by refusing to sell the site or run the company in a profitable way....

The company's business plan stated "it is the goal of the board of directors of to become very, very profitable," according to court documents. The business was also to be governed in accordance with Christian business principles.

Full story here.


Susan Vigilante said...

Hello Ironic Catholic-

I have a new book and I'm interested in advertising on your blog. My book is "Breakfast With The Pope," I want to send you a copy, and you will really like it. Can you send me ad info and a mailing address?
Susan Vigilante
aka Desperate Irish Housewife

LarryD said...

but..but..the Bible is full of prophets....

Oh wait.

Never mind.