7 ms·
Corporate raiding was popular in 80s,but since then many methods were created to defend companies from such activities.For a minority shareholder to get a board
by cosmodisk 6y ago
Corporate raiding was popular in 80s,but since then many methods were created to defend companies from such activities.For a minority shareholder to get a board seat is doable, however to bully the entire board into dancing, requires weak donkeys.If the CEO cares more about his own job than the company he's supposed to run,then it's quite easy for the like of Icahn to do whatever they want to. Having said that,I've got a feeling that he's mostly after vulnerable companies that can be influenced for one reason or another.