Investigators have been looking at whether coaches at these schools have been
paid by outside entities — such as financial advisers, agents, and apparel companies — in exchange for pressuring players to associate with those entities, people familiar with the investigation said.
In a nutshell, if one runs a book campaign that's being
paid for
by an
outside entity (usually the publisher or author), one can not then post comments about said book in social media forums without disclosing this professional connection.
As a brief overview, the Management and Board have embarked upon a failed merger that garnered virtually no support from its shareholders, and was opposed
by ISS, and continued on that path until the date of the special shareholders meeting and scheduled vote, spending lavishly in a failed effort to close it; attempted to implement substantial new options to itself, a plan opposed
by ISS and the shareholders, which was withdrawn; continually
paid itself outrageous sums of the shareholders money over the past three years; rejected highly qualified
outside board members with deep, broad healthcare company experience supported
by its shareholders; held many Board and Committee meetings with nothing to show for it; formed a new Strategic Transactions Committee that is highly
paid but that has produced no deals for the shareholders to consider or for any
outside valuation experts to formally review; spent lavishly on accountants, auditors and counsel; failed to successfully hire any
outside professional negotiators and finally extinguish or remove the outstanding lease obligations; distributed no cash to the shareholders despite holding excess amounts; formed no special purpose
entity to hold any royalty and milestone rights and payments for the benefit of its shareholders; and thus generally failed in its fiduciary duties to shareholders.