Penske

Detroit, Michigan – A lawsuit filed against a company alleges that its board has shown excessive deference to Chairman Roger Penske, resulting in the mismanagement of over $1 billion. The suit claims that the board’s failure to exercise proper oversight has led to financial losses and harmed the company’s reputation. The plaintiff, who remains anonymous, accuses the board of negligence in their fiduciary duty to safeguard the company’s assets. They argue that Penske, a well-respected figure in the industry, has been given too much power and influence by the board, resulting in poor decision-making. According … Read more