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The vast majority of public companies have anti-takeover provisions written into their corporate charters, such as classified boards and poison pills: http://w
by Prrometheus 19y ago
The vast majority of public companies have anti-takeover provisions written into their corporate charters, such as classified boards and poison pills:
http://www.investopedia.com/terms/c/classifiedboard.asp http://www.investopedia.com/terms/c/classifiedboard.asp
http://en.wikipedia.org/wiki/Poison_pill#Public_companies http://en.wikipedia.org/wiki/Poison_pill#Public_companies
- cawel 19y agoThere! That's the kind of info I was after, thanks. Interesting trend for "staggered boards" (taken from Wikipedia): The Wall Street Journal reported in January of 2007 that 2006 marked a key switch in the trend toward declassification or annual votes on all directors: more than half (55%) of the S&P 500 companies have declassified boards, compared with 47% in 2005. (Jared A. Favole, "Big Firms Increasingly Declassify Boards", The Wall Street Journal, Jan. 10, 2007.)
- cstejerean 19y agoMakes sense, while it might be a good anti-takeover measure it also makes it harder to get rid of people and ultimately it is not in the best interest of shareholders.