4 ms·
Also - since I'm on a bit of a roll - there are definitely other stories for what is going on here. One is that poison pills kind of soften the edges of capita
by friesfreeze 4y ago
Also - since I'm on a bit of a roll - there are definitely other stories for what is going on here.
One is that poison pills kind of soften the edges of capitalism a bit by allowing directors to decide if they want to the company to be sold or not. Call it crocodile tears by entrenched management, but there is something to be said for keeping a company off the market if the hostile bidder is going to just fire workers and scrap the company for parts. Fairly, this view is not consistent with "shareholder primacy" but it has to be said that not everyone sees the world that way.
- krick 4y agoThanks, that's a bit more of an explanation to what I was wondering about than most of the other answers.
- friesfreeze 4y agoYou're welcome. Corporate governance is a surprisingly controversial area for how boring it seems at first glance. Here's a more in depth apologetic for the interested: https://theliptonarchive.org/1980s/ https://theliptonarchive.org/1980s/
- whatshisface 4y agoCorporate governance looks absolutely exciting at first glance, because so much of our lives are determined by it. (We spend a lot more time buying products than we do voting for politicians or filing taxes, same with spending money.)