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[ISS] Breach of Fiduciary Duty, Call For Resignations.

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Gord Freeman Commerce Raiders Inc.	Posted - 2007.01.09 21:23:00 - [1] After having failed to protect the interests of their shareholders, and effectively loosing untold billions of Isk because of their gross negligence in providing the highest possible standard of care for the assetts entrusted to them - I call on Count TaSessine and Serenity Steele to resign from their positions immediately. Furthermore, the head of the ISS Navy must be removed and replaced with a competent military commander. A temporary new management team must be installed and a full audit of all ISS financial records must occur immediately if there is to be any degree of trust or market confidence in their ISS leadership moving forward. For the sake of the newborn Eve public stock market, and shareholders across the galaxy - the leadership of ISS must be held accountable for this unacceptable lack of care. http://en.wikipedia.org/wiki/Fiduciary_duty Thoughts?
Preacher97 Caldari Obliteration Unlimited R i s e	Posted - 2007.01.09 21:27:00 - [2] Have a definition of risk to share?
Righteous Fury Slacker Industries	Posted - 2007.01.09 21:36:00 - [3] ISS can hire me if they so wish, but I don't come cheap.
Lexor SLice Black Nova Corp Band of Brothers	Posted - 2007.01.09 21:38:00 - [4] Originally by: Righteous Fury ISS can hire me if they so wish, but I don't come cheap. Maybe when you have more gunnery SP then me. but not yet ____________________________________________ Your signature graphic file size is too large -Zhuge Sad Panda =(
Commander Thrawn Tarnak inc.	Posted - 2007.01.09 21:40:00 - [5] Edited by: Commander Thrawn on 09/01/2007 21:36:50 Originally by: Gord Freeman After having failed to protect the interests of their shareholders, and effectively loosing untold billions of Isk because of their gross negligence in providing the highest possible standard of care for the assetts entrusted to them - I call on Count TaSessine and Serenity Steele to resign from their positions immediately. Furthermore, the head of the ISS Navy must be removed and replaced with a competent military commander. A temporary new management team must be installed and a full audit of all ISS financial records must occur immediately if there is to be any degree of trust or market confidence in their ISS leadership moving forward. For the sake of the newborn Eve public stock market, and shareholders across the galaxy - the leadership of ISS must be held accountable for this unacceptable lack of care. http://en.wikipedia.org/wiki/Fiduciary_duty Thoughts? how many shares do you own in any of the outpost??
Barrier Solo Infinity Shipyard Masters Interstellar Starbase Syndicate	Posted - 2007.01.09 21:41:00 - [6] Who are you? A troll Barrier Solo, CEO, INSM, ISS Join us! http://oldforums.eveonline.com/?a=topic&threadid=402528
Gord Freeman Commerce Raiders Inc.	Posted - 2007.01.09 21:43:00 - [7] Originally by: Barrier Solo Who are you? A troll No, I'm not.. if you look at my bio. And that accusation won't deflect attention from this monumental failure of ISS leadership.
David H'Levi Sniggerdly	Posted - 2007.01.09 21:45:00 - [8] So wait... They protect billions of ISK in conquerable assets for 18 months. Then they get gang-banged by half of EVE, and you're calling them incompetant? Well, at least we can change leadership and launch of comprehensive audit *IN THE MIDDLE OF A WAR*. Do you think your suggestion will have any effect besides being the deathknell of all investor assets? We Recruit!
Kalmanaka The Graduates Interstellar Starbase Syndicate	Posted - 2007.01.09 21:49:00 - [9] http://oldforums.eveonline.com/?a=topic&threadID=454998&page=4#100 My vote is on troll.
Resipsa Loquitor Black Eclipse Corp Band of Brothers	Posted - 2007.01.09 21:50:00 - [10] Originally by: Gord Freeman After having failed to protect the interests of their shareholders, and effectively loosing untold billions of Isk because of their gross negligence in providing the highest possible standard of care for the assetts entrusted to them - I call on Count TaSessine and Serenity Steele to resign from their positions immediately. Furthermore, the head of the ISS Navy must be removed and replaced with a competent military commander. A temporary new management team must be installed and a full audit of all ISS financial records must occur immediately if there is to be any degree of trust or market confidence in their ISS leadership moving forward. For the sake of the newborn Eve public stock market, and shareholders across the galaxy - the leadership of ISS must be held accountable for this unacceptable lack of care. http://en.wikipedia.org/wiki/Fiduciary_duty Thoughts? Always fun when laymen quote legalese. It's the reason why I have a job - when lay people mess up thinking they know what they are doing and I help clean it up. Unfortunately, to RP a bit, I'm only licensed to practice in front of the Gallente Federation with their Supreme Court. As well, since either party has not hired me and neither are not my client as well as the fact that there (at this point) appears to be no identified counsel, to proffer advice or opinion at this point may mislead them and cause harm as well as appear to show bias. As an officer of the Court (as all attorneys are), this would be a failing in my professional and ethical responsibilities. Having said that, there probably is a meritorious argument on both sides regarding "failing to protect the interests of shareholders". One may be a financial interest, in which there may be a lost of share income as well as share value, which will have to be proven. Another is the actions of ISS in both stages of the conflict so far as well as the history of dealings with the engaged parties, if any. Please feel free to contact my office if either party wishes to explore retaining me as local counsel in the Gallente Federation. I am sure that our liberal interpretation of extraterritorial events and impact upon Gallente Federation citizens may warrant investigation into personal and subject matter jurisdiction as well as venue. Resipsa Loquitor, Esq. "If you're going to hire counsel, why not hire the most evil counsel available. What could be more evil than a BoB attorney???" --- John McCreedy and EDF never paid their complex runners for the 100s of billions gathered in the name of EDF and ASCN. Who's the slave master now, McGreedy? Where's the money? Pay ARC!

Athanasios Anastasiou Elite Storm Enterprises	Posted - 2007.01.09 21:50:00 - [11] The risks of investing in a station in lawless space was made clear to the investors. Any money invested were due the the shareholder's own judgement. Even if ISS is at fault, let's not forget that its the investors themsevles who deemed that reward > RISK for the ipo. I believe what you are experiencing a 'it's everyone's fault but mine' syndrome.
Hudsonn Minmatar FireTech Imperium Alliance	Posted - 2007.01.09 21:55:00 - [12] Originally by: Gord Freeman After having failed to protect the interests of their shareholders, and effectively loosing untold billions of Isk because of their gross negligence in providing the highest possible standard of care for the assetts entrusted to them - I call on Count TaSessine and Serenity Steele to resign from their positions immediately. Furthermore, the head of the ISS Navy must be removed and replaced with a competent military commander. A temporary new management team must be installed and a full audit of all ISS financial records must occur immediately if there is to be any degree of trust or market confidence in their ISS leadership moving forward. For the sake of the newborn Eve public stock market, and shareholders across the galaxy - the leadership of ISS must be held accountable for this unacceptable lack of care. http://en.wikipedia.org/wiki/Fiduciary_duty Thoughts? That's taking a bit too serously. You know. Don't make me start throwing ClichT's at you. --Imperium--
Ehrine Ashbark Lyrus Associates Interstellar Starbase Syndicate	Posted - 2007.01.09 21:56:00 - [13] Edited by: Ehrine Ashbark on 09/01/2007 21:53:30 Originally by: Gord Freeman http://en.wikipedia.org/wiki/Fiduciary_duty Thoughts? Quote: A fiduciary duty is the highest standard of care imposed at either equity or law. A fiduciary is expected to be extremely loyal to the person to whom they owe the duty (the "principal"): they must not put their personal interests before the duty, and must not profit from their position as a fiduciary, unless the principal consents. The fiduciary relationship is highlighted by good faith, loyalty and trust, and the word itself originally comes from the Latin fides, meaning faith, and fiducia. So, according to that section on wikipedia, Count T and Serenity must not put personal interests before duty amdn must not profit from their position... So, staying up countless hours, spending as much time as possible trying to remedy an assault by a force massively outnumbering the ISS and spending billions of non-shareholder ISKs in defence, you're accusing Count T and Serenity of neglecting their Fiduciary Duty. I think you've missunderstood that wikipedia article, because from where I sit, they've done far more in attempt stop this then most others people would've have tried or managed.
Vensa Heckler ISS Navy Task Force Interstellar Starbase Syndicate	Posted - 2007.01.09 22:02:00 - [14] Originally by: Gord Freeman After having failed to protect the interests of their shareholders, and effectively loosing untold billions of Isk because of their gross negligence in providing the highest possible standard of care for the assetts entrusted to them - I call on Count TaSessine and Serenity Steele to resign from their positions immediately. Furthermore, the head of the ISS Navy must be removed and replaced with a competent military commander. A temporary new management team must be installed and a full audit of all ISS financial records must occur immediately if there is to be any degree of trust or market confidence in their ISS leadership moving forward. For the sake of the newborn Eve public stock market, and shareholders across the galaxy - the leadership of ISS must be held accountable for this unacceptable lack of care. http://en.wikipedia.org/wiki/Fiduciary_duty Thoughts? mate, if you feel you've lost money here, instead of pointing fingers at people; perhaps you should think about what you could have done to avoid this situation? i mean, i certainly haven't seen you in local helping to defend? or in any of our other station systems supplying ships to us? count and serenity (as well as all ISS management members) have done their damndest to keep the outposts under their control over the time since the outposts have been built. and what have you done? nowt - Love is the Law, Love under Will
Manas The Graduates Interstellar Starbase Syndicate	Posted - 2007.01.09 22:04:00 - [15] Hey, I bet the OP could go the route of suing the new Outpost owners for property damage, too. I am sure wiki has a link for it.
Resipsa Loquitor Black Eclipse Corp Band of Brothers	Posted - 2007.01.09 22:10:00 - [16] Originally by: Manas Hey, I bet the OP could go the route of suing the new Outpost owners for property damage, too. I am sure wiki has a link for it. Oh, more potential clients! --- John McCreedy and EDF never paid their complex runners for the 100s of billions gathered in the name of EDF and ASCN. Who's the slave master now, McGreedy? Where's the money? Pay ARC!
Butter Dog Wreckless Abandon The UnAssociated	Posted - 2007.01.09 22:22:00 - [17] The OP is utterly clueless. Firstly, it was your choice to invest and investment carried a risk. The value of shares can rise as well as fall. Your shares gave you a portion of the income of an outpost, now in someone elses hands. Too bad. Its called risk. Secondly, ISSN is a small unit of about 130. It was never designed or intended to be a force able to hold off 4 large alliances totalling 9000 members. No matter how competent their leader (and he IS very competent) there is absoultely nothing which ISSN could have done. You would have a strong case for the resignation of Count if you highlighted how his decision to press for all 3 of IAC's outpost led to an inevitable escalation in hostilities. He decided to try playing powermonger rather than peacebroker, and in there you may find a good reason to request his leave. And that just about covers it. ----------
Beringe Caldari Raptus Regaliter	Posted - 2007.01.09 22:22:00 - [18] Originally by: Athanasios Anastasiou The risks of investing in a station in lawless space was made clear to the investors. Clearly, this is the case. Besides, I think it's too early to start throwing in the towel quite yet. ------------------------------------------- "Sarcasm and irony are not to be used by the uninitiated." --Daitan Beringe, honorary director in charge of bottles--
Modok Strongsauce The Collective Against ALL Authorities	Posted - 2007.01.09 22:23:00 - [19] Always fun when laymen quote legalese. It's the reason why I have a job - when lay people mess up thinking they know what they are doing and I help clean it up. I wince everytime I read your name. To RP abit myself...you are not the only person here that is "licensed to practice in front of the Gallente Federation with their Supreme Court"..... if you even are. Leave work at home.
Toranya Faidutti Gallente White Nova Industries Interstellar Starbase Syndicate	Posted - 2007.01.09 22:28:00 - [20] Originally by: Modok Strongsauce Edited by: Modok Strongsauce on 09/01/2007 22:20:59 Always fun when laymen quote legalese. It's the reason why I have a job - when lay people mess up thinking they know what they are doing and I help clean it up. Res Ipsa, I wince everytime I read your name. To RP abit myself...you are not the only person here that is "licensed to practice in front of the Gallente Federation with their Supreme Court"..... if you even are. Leave work at home. Oh, he is definitely licensed to practice law. I'm married to him IRL and put him through law school. And the game doesn't let you use three word names so that's why he had to squish Res Ipsa into Resipsa. Please resume bashing my beloved alliance at will.

Resipsa Loquitor Black Eclipse Corp Band of Brothers	Posted - 2007.01.09 22:31:00 - [21] Originally by: Modok Strongsauce Edited by: Modok Strongsauce on 09/01/2007 22:20:59 Res Ipsa, I wince everytime I read your name. To RP abit myself...you are not the only person here that is "licensed to practice in front of the Gallente Federation with their Supreme Court"..... if you even are. Leave work at home. Aw, don't be h8ing! You can understand in this competative environment that there is a race for tallented individuals to seek out large representations such as this. How can I not advertise my services to needy parties, especially on both sides! And, yes, I'm licensed to practice in front of the Gallente Supreme Court, as others are. But how would someone know? "Trust me - I'm a lawyer." --- John McCreedy and EDF never paid their complex runners for the 100s of billions gathered in the name of EDF and ASCN. Who's the slave master now, McGreedy? Where's the money? Pay ARC!
Admentus Cor'vion Black Avatar Firmus Ixion	Posted - 2007.01.09 22:38:00 - [22] Good luck finding someone? Talk about thankless job? _______________________________________________ Black Avatar - One of the oldest corps in Eve. "The end and the beginning."
Hakera Freelance Unincorporated Ushra'Khan	Posted - 2007.01.09 22:40:00 - [23] Edited by: Hakera on 09/01/2007 22:39:17 seriously though, sure there can be resignations, but what would that do really? This conflict was engineered to happen and in reality far beyond ISS control.
Xaintrix The Shadow Order Storm Armada	Posted - 2007.01.09 22:45:00 - [24] Whoa whoa whoa, I'm sorry but citing a freaking Wikipedia to back up an accusation? I really have seen it all.
0August0 Gallente The Crucible	Posted - 2007.01.09 22:47:00 - [25] As a major ISS shareholder I favor having Count and the present management team stay on indefinitely. I feel they are doing a spectacular job given the circumstances. I would also demand that ISS never listen to anyone from a corporation named "Commerce Raiders" . . . Regards, August
steamy Infinite Technologies	Posted - 2007.01.09 22:53:00 - [26] Investing is gambling for the rich. It's like flying a ship in 0.0, don't undock in something you aren't willing to loose or can't afford to replace. When this is over, I'm sure the shareholders get a full run down of what happens with their shares, but don't complain about loosing money, no one complained about the monthly paychecks either. On a role playing part, interesting viewpoint, but you lost the thread when a BoB lawyer proposed to help for a price... Lawyer and in BoB my respect grows ;-) I wonder what kind of professions are in other alliances.. just as fitting? Steamy If you only look at the road ahead, Life isn't worth the trip -- Dante
Astasia Orian Black Eclipse Corp Band of Brothers	Posted - 2007.01.09 23:15:00 - [27] Quote: Res Ipsa, I wince everytime I read your name. You're not the only one!
Dal Thrax Caldari House Of Troy	Posted - 2007.01.09 23:26:00 - [28] Originally by: Modok Strongsauce Edited by: Modok Strongsauce on 09/01/2007 22:24:07 Edited by: Modok Strongsauce on 09/01/2007 22:20:59 Always fun when laymen quote legalese. It's the reason why I have a job - when lay people mess up thinking they know what they are doing and I help clean it up. Res Ipsa, I wince everytime I read your name. To RP abit myself...you are not the only person here that is "licensed to practice in front of the Gallente Federation with their Supreme Court"..... if you even are. Leave work at ..the office. Agreed.
w0rmy Intensive CareBearz Imperium Alliance	Posted - 2007.01.09 23:34:00 - [29] Originally by: Hakera Edited by: Hakera on 09/01/2007 22:39:17 seriously though, sure there can be resignations, but what would that do really? This conflict was engineered to happen and in reality far beyond ISS control. There was a time when this conflict could have been avoided by ISS. But that chance was tossed asside. Someone should be held accountable for that. Right now? No, the fight isnt over. But in time, there are actions taken, that people should be held accountable for. Originally by: Avon Originally by: Dark Shikari What single item is larger than a jetcan? My ego?
Resipsa Loquitor Black Eclipse Corp Band of Brothers	Posted - 2007.01.09 23:36:00 - [30] Originally by: Astasia Orian Quote: Res Ipsa, I wince everytime I read your name. You're not the only one! Ouch! Pwned by my own corp. I don't think CCP will let me change it now. Geez, I'm just trying to derive more fees for the firm. I thought you wanted aggressive associates to get out there and find the people with problems and "help" them. With the "eat what you kill" revenue sharing program, how can you stop your younger associates from going out there and finding the juicy work? You never know from where a person or group with issues will turn into a profitable revenue stream of billings, settlements, and hard-fought victories that result in punitive damages. This issue is just ripe with long-term discovery, bitterness, anger, and lots of emotion. That translates into clients with shifting goals that can be manipulated easily. That translates into high billable hours, tons of frivolous motions, and general nastiness that helps rack up bills on both sides. It's a dream case! I'm going to go file a lawsuit. I don't know on what, but it'll be there. --- John McCreedy and EDF never paid their complex runners for the 100s of billions gathered in the name of EDF and ASCN. Who's the slave master now, McGreedy? Where's the money? Pay ARC!



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