Director liability for bad judgment and bad faith: the business judgment rule and many...

Like a football team, a corporation depends for success on sound management and judgment. When a team picks the wrong quarterback in the draft, the decision can doom its fans to years of frustration and disappointment. Corporate blunders, of course, can have vastly more serious consequences. They can cause huge financial losses and even the demise of the corporation through bankruptcy or a bargain-basement acquisition by a rival.

Although football fans can do little more than gripe about a team's misfortunes, people harmed by corporate stupidity or hubris may have lega