Moore v. Keystone MacAroni Manufacturing Co.

Opinion by

Mr. Justice Bell,

This case revolves around the questioned right of the defendant corporation to pay to Mrs. Guerrisi, widow of the corporation’s founder and long-time president, the sum of $2,083.33 per month for such time as the corporation deemed wise.

Plaintiff, the owner of 140 shares of the common stock of the Keystone Macaroni Manufacturing Company, a Pennsylvania corporation, filed a bill in equity praying for an injunction and other equitable relief, against the corporation, its five directors, and Mrs. Guerrisi. Mr. Guerrisi organized the defendant corporation in 1921, with…