Don't Blame the Board
The general consensus on the Disney ruling, based on the summaries of the ruling that have circulated in the last two days, is that it's a big win for the business judgment rule. many people have noted that the Chancellor bashed everyone involved at Disney - Michael Ovitz, Michael Eisner, and the board. Still, the Chancellor let them off with a tongue lashing. Over at the Conglomerate, they've got a bit up about what this means for the business judgment rule.