In this stockholder's derivative action, plaintiff, a 50% shareholder, alleges waste, mismanagement and self-dealing on the part of Pfeffer, also a 50% shareholder, who, since the corporation's formation 10 years ago, has been its president and sole operating officer, and ran its day-to-day operations. Plaintiff admittedly has not devoted one day of effort to the corporation's business — obtaining rebates for its clients who advertised in magazines that failed to achieve...
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