Update: I get a lot of traffic from people at academic ip addresses googling Foss v Harbottle. I should emphasise that the following is at best rather speculative. So don't go sticking it in a university essay!
One last comment on the Aer Lingus move to Belfast. As I said last night, I have my doubts about Ryanair's motives towards Aer Lingus.
Aer Lingus is, essentially, a 25% subsidiary of Ryanair. But that doesn't mean that the maximisation of Ryanair share values (which its Michael O'Leary's legal obligation to deliver) would result from the maximisation of Aer Lingus share values. So I wonder about what he's up to. Does it involve him envisaging an actual reversal of Aer Lingus's decision? Such a reversal would involve wandering into some strange legal territory.
If Ryanair and the government did succeed in changing the decision, my guess is that Aer Lingus would be liable, at least in theory, to be taken to court by any of the minority shareholders, people like Denis O'Brien. read the rest of this post »
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