Was Terry Wallace paid?

[Primmy]

Sometimes it seems that the legal thoughts presented here are more for 'see how smart I am' purposes, rather than to help the less eddificated amongst us to understand what the heck is going on!

HeHeHeHe!!!!

Who cares! He stuffed the dogs (couldn't care less) and he stuffed the Tiggs, and I couldn't care less here either. He can go and stuff another club for all I care. Just not the Swans.

[ROK Lobster]

Thanks for the complement. The fiduciary duty is statutory and is owed to shareholders. If the action of company officer(s), in offering a contract to a prospective employee, outside the authorized selection process, (if it was) has the consequence of significant financial loss to the corporation, such as payments to a person who doesnt perform any service to the club then issue of breach of duty surely arises. If there were any financial penalties or compensatory payments that arose with the selection of Roos over Wallace (if in fact that did happen) why wouldn't a responsible company officer declare that and proceed with the undertaking to Wallace (if that in fact did happen) in protection of the financial interests of the club?(if in fact that was the case). Too hard?

A fiduciary duty is equitable and not statutory. The Swans do not have shareholders. You say that a breach arises, but do not say to whom the duty is owed nor do you say what you think the remedy should be. You seem to think that because you would like to see something happen that someone should have a legal obligation to do it. Yes, it appears it is too hard.

[ROK Lobster]

Sometimes it seems that the legal thoughts presented here are more for 'see how smart I am' purposes, rather than to help the less eddificated amongst us to understand what the heck is going on!

I would not pay too much attention to Connolly's legal opinions. They are way off the mark and I doubt he has professional indemnity insurance.

[caj23]

Wallace said at press conference last week something like " there were confidentiality issues arising from legal matters that prevented explainatory comment" refering to his departure from Bulldogs.

Had to be either Dogs or Swans... confidentiality implies remuneration.

Why Dogs?

I'm struggling to remember the exact reason (according to TW) but it was the dogs. Think it had something to do with relationships with certain members of the dogs hierarchy

[Rob-bloods]

Terry is a slime, he may well have got some hush money for going away, if we definitely paid, as Caroline Wilson always insists we did and Colless always insists we did not, how come there has been no real evidence, Basil Sellars always gets the guernsey because that fits easily, he is a benefactor of the Swans and he will not respond.

And so bloody what if we did. Section 1.1 of the "Laws of Premiership" state we got Roos'y for around 300k at the start and a Premiership and Richmond got Wallace for 4 million over 5 years and are in a bigger mess than they started.

So if we had to sling the overly brown and even more overrated Wallace to go away that's a ripper.