discussed Cited "see" Aronoff v. Albanese Further, it is settled law that waste or a gift of corporate assets are void acts and cannot be ratified by a majority of stockholders (Meredith v Camp Hill Estates, 77 AD2d 649 ; see Diamond v Davis, 38 NYS2d 103 , affd 265 App Div 919 , affd 292 NY 552 ; see, also, Selman v Allen, 121 NYS2d 142 ; 2 Fletcher, Cyclopedia of Corporations [Permanent ed], § 764).

discussed Cited "see, e.g." Pinnacle Consultants, Ltd. Ex Rel. Shareholders of Leucadia National Corp. v. Leucadia National Corp. See, e.g., Diamond v. Davis, 38 N.Y.S.2d 103 , 113 (Sup.Ct.) (holding that a bonus or option may be granted to a valued corporate officer "as an incentive to retain his services, sharpen his interest, intensify his zeal, spur him on to more ardent effort in the interest and for the benefit of the company, and to enable him thereby to share in the resulting success of the enterprise"), aff'd, 265 A.D. 919 , 39 N.Y.S.2d 412 (1942), aff'd, 292 N.Y. 552 , 54 N.E.2d 683 (1944); see also Diamond v. Davis, 62 N.Y.S.2d 181 , 189 (Sup.Ct.1945) (“If after full, free and frank disclosure the bonus plan…