Ray Rey, a director of Fish-R-Us, learns in his corporate capacity that a state-of-the art, deep-sea hydroplane fishing vessel is available for a bargain price. The purchase of this unique hydroplane may be a business opportunity from which the corporation could benefit. If Ray purchases the hydroplane for himself without giving the corporation the right of first refusal, 1. D. Ray has not breached his fiduciary duty because Fish-R-Us should have found out about the bargain vessel first.
2. A. Ray has made a profitable business decision for himself,
3. C. Ray has not usurped a corporate opportunity if he thinks Fish-R-Us would never consider purchasing the vessel.
4. B. Ray has breached a duty to the corporation

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u. s. company and i don’t make decisions based on what’s good for the u. s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?