Chapter 1134: Contradictions

“…… You're different from everyone else, Mr. Rand, you're compassionate, please, can you help us? A woman clutched Daniel Rand's hand tightly and cried out of her grief.

Daniel Rand gently patted the woman on the shoulder and said comfortingly, "We'll fix this ......."

"What an idiot!" After watching the above video, Ward couldn't help but curse fiercely, he raised his head to look at Joey beside him, and asked angrily, "Does he know what he's doing?" ”

"I'm sure he doesn't know anything." Joey shook his head slightly and said, "But he represents the entire company, what are you going to do?" ”

The case was serious, and the woman, her son and 14 other people who each had cancer, filed a class action lawsuit against the RAND Group because they all lived within a 1.6-kilometer radius of the chemical plant on Staten Island, and it was the chemical gases emitted by the plant that caused their cancer.

In the face of such a class action lawsuit, in the face of such a huge claim, the RAND Group will not settle with them, because they have not violated any existing environmental laws and regulations, even if they find a link between factory emissions and disease, the RAND Group still complies with the law, in this case, it is the law that is really responsible, not the RAND Group, and they cannot be held responsible for the government's rules and regulations.

In this case, even if Joey is very sympathetic to those people, she has to face them ruthlessly, because she knows that once she relents, then the RAND Group will not only face huge claims, but they will also offend all their peers, as well as countless enterprises upstream and downstream.

There are four sources of U.S. law, and they are constitutional law, administrative law, statutory law, and common law.

Common law is also known as jus judicis because U.S. courts have inherited the principle of "following decisis," which states that the rules of law in a given judgment apply not only to that case, but often as a precedent to later cases under the jurisdiction of that court or lower court. As long as the basic facts of the case are the same or similar, they must be dealt with according to the rules laid down in precedent.

Once the RAND Group relented in this case, then countless similar cases can be used as precedents at one time, and many companies or groups similar to the RAND Group will have to pay huge amounts of compensation for this, and the RAND Group as a precedent will be brought up again and again, and hated again and again.

In this case, it is difficult for the RAND Group to continue to survive, offending all the companies in the United States, the company's upstream and downstream raw material supply and product output will be affected, and once the company's performance declines, which affects the company's stock price, then everyone will pounce on it and bite hard, and the existence of the RAND Group will become shaky, or even collapse directly.

Of course, this is the worst-case scenario, and Joey and Ward are trying their best to avoid this situation, but now Daniel's video has become a weapon that can be held in the hands of the other party, and Daniel has no idea that he has been filmed and the serious consequences that may result.

"We didn't plan to reconcile before, and we won't reconcile now." Ward's position on this situation was unwavering, he stood up from behind his desk, poured himself a glass of whiskey, and then said with a fierce face: "Especially since they asked for double compensation, this is simply blackmail." ”

"They didn't have any foothold before, but now they have." Joey took a light breath and said lightly: "The major shareholders of the RAND Group have taken responsibility. ”

"That's right!" Ward nodded heavily, the situation was indeed serious, and after a moment of contemplation, he said, "We can do this, 'The board members were deceived and forced to admit their faults. Legally, it cannot be proven that the RAND Group is related to any patient'. We can win in court. ”

To some extent, when Daniel Rand met with the woman, Daniel had no idea about the situation, he didn't know what the cause of the woman's son was suffering from cancer, he didn't know what was wrong with the RAND Group, and he didn't know that a woman had just finished negotiations with the RAND Group, and in this case, he could try to weaken the impact of the video.

"Still, a case like this can take years." Joey couldn't help but feel a little worried.

"But it's still cheaper than a settlement." Ward shook his head slightly, looked at Joey with a somewhat worried and sympathetic look, and said, "Joey, these are obviously designed, I know you feel a little guilty, but we can't ......"

"Ward, you don't have to worry about me, I know what I have to do." Joey raised his head, looked at Ward seriously and said, "I think what you should be more worried about now is the public impact, now that such videos have just appeared on social media, and once they become hyped up in the future......"

"Let me think about it." Ward took a deep breath, this is indeed something that must be paid attention to, for many years, the public image of the RAND Group has been positive, and if the company's good public image is damaged because of this, this is also what they do not want to see.

Seeing Ward's somewhat tired appearance, Joey didn't say much, she picked up the file and said, "I'll call Megan to convene the board." ”

Hearing Joey say this, Ward looked up and said, "You want to make sure that idiot is in the meeting as well." ”

Joeybi didn't agree with this, she shook her head, and said, "Throwing Danny to the wolves will only make matters worse." ”

Ward's meaning Joy understands very well that Daniel must bear full responsibility for this matter, and Ward intends to throw Daniel out of the board of directors and let him bear the blame of the other shareholders on the board of directors, although Daniel Rand has an absolute controlling stake of 51%, but he must also ensure the interests of small and medium-sized shareholders, if the interests of other small and medium-sized shareholders are damaged because of his negligence, then other small and medium-sized shareholders can also sue in accordance with the law.

Although Daniel Rand can't be called an idiot in terms of the specific operation of affairs, there are many things that he is not familiar with, and if he is not careful, he will fall into the trap of others, and if there is no Jerry Hogarth behind him, his controlling stake is likely to be directly obscured.

Now Daniel Rand can still sit firmly in his position as a major shareholder, on the one hand, he has only been in the company for a short time, on the other hand, he has the support of Joey and Ward in the company, and by the way, behind him, there is also the help of Jerry Hogarth.

Once Joey and Ward are on the opposite side of him, and if the other senior officials of the company do not approve of his actions, the other people who have joined forces to occupy 49% of the company can file a lawsuit in court on the grounds that Daniel has harmed the interests of other shareholders of the company, and the outcome of the lawsuit is likely to directly cause Daniel Rand to lose control of the company, although he is still likely to be the majority shareholder of the company.

However, unless this kind of thing is in a desperate situation, it is generally not easy to use, otherwise the turmoil caused is likely to directly lead to the disintegration of the RAND Group, which is what everyone does not want to see.

So in this case, Daniel Rand had to compromise and try not to interfere in the company's specific business while maintaining his 51% stake.

You know, although Daniel Rand owns 51% of the shares, he is not 67% of the shares, and there is a big difference.

If he owns 67% of the equity, then he has 100% of the rights, and all shareholders of other companies can be kicked out by him at any time, Daniel can do this if he unites the equity in the hands of Ward and Joey, but without the support of Ward and Joey, his control is much weaker, and even when Ward and Joey are on the opposite side of him, he can no longer do things unscrupulously.

And now, in the current situation, Ward clearly wants to teach Danny a lesson not to do whatever he wants.

"You know, just before this happened, he came to my office to say something about dragons." Looking at Joey who stopped, Ward had to emphasize that "his heart is completely in another world, Joey, we have to think about the company." ”

"I understand, Ward." Joey, who had already reached the door, turned around and said, "But he lives in our world now." ”

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