I really hope that CS will come up with recipes and emails where the board specificly “strongly recommended” that they reduce operation costs or denied internal investments. It probably won’t happen, because such pressure from investors is usually pretty vague, i.e they don’t literally tell you to cut corners, but they strongly suggest that if you won’t somehow increase revenue, you (the management) will have problems. Of course, it’s up to you how you do it, but to meet their often unrealistic demands, just doing a better job while also investing into internal failsafes is often simply not possible. It’s a loss-loss situation for CS, but I really hope they won’t loose this legal battle.
This is presumably part of what would be at issue in court. The shareholders are claiming they were lied to. We’ll see how that holds up.
I really hope that CS will come up with recipes and emails where the board specificly “strongly recommended” that they reduce operation costs or denied internal investments. It probably won’t happen, because such pressure from investors is usually pretty vague, i.e they don’t literally tell you to cut corners, but they strongly suggest that if you won’t somehow increase revenue, you (the management) will have problems. Of course, it’s up to you how you do it, but to meet their often unrealistic demands, just doing a better job while also investing into internal failsafes is often simply not possible. It’s a loss-loss situation for CS, but I really hope they won’t loose this legal battle.