The Limits of Company Funds

Marx says, can companies use their cash in any which way they want or are there any limits to the use of company funds? You know, that is a really interesting question. There's no limit on the board giving a $100 million cash bonus to the CEO of BHP if they think it's in the interests of, best interest to the company. The best example of how you can just wildly spend cash without shareholder approval is actually when Slater and Gordon bought the UK firm Quindell for $1.3 billion in cash overnight with no need for shareholder approval. So we don't have laws in Australia like many other countries where the shareholders get to vote on major acquisitions. And that