3 ms·

Shareholder call: CEO: "And for our strategy over the next year, we will consider buying a controlling interest in Plaid..." Icahn-type shareholder: "Really?

• vmception 6y ago
  That could fly, something like the brand name is good and is cheaper than the licensing fees they had offered And just repeat growth over and over again
  • salawat 6y ago
    That's also misrepresenting material facts (in my view, which matters diddly squat in a courtroom without the right lawyer), and lying by omission. The fact that "proving" malintent in the U.S. in M&A's and market shaping revolves around someone finding a rather fiendishly worded memo is somewhat laughable. >"You can't prove I was going to take a cookie! Maybe I just like having my hand in the jar!" If it would get the stink eye from my Mom, the same argument form should not be considered a valid approach to business or legality.
  • SilasX 6y ago
    Fair enough, maybe not the best example. The point is just that they'd have to beat around the bush and not be able to give a good enough reason that justifies a solid buyout price without admitting the monopolist strategy.
• pkaye 6y ago
  Icahn-type shareholder: Make a clone of Plaid called Tartan.
• aidenn0 6y ago
  "To better address the varied needs of consumers who may desire peer-to-peer payments via less robust channels along side our world-class debit system" Some meaningless fluff that implies it's not a competitor. Toss in something like "will allow synergies via our X to give consumers more choice about how their debits are processed" and you can even make it sound like you're doing everyone a favor rather than the obvious monopoly move.