• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter 7. Culture of Greed: Sports Stad... > Red Flag 5: A Company Hides Behind A...

Red Flag 5: A Company Hides Behind Anti-Takeover Devices and Ignores Votes to Change

Many boards and managements hide behind barriers meant to make it more difficult for a corporate raider to take over a company. These may have been suitable for the 1980s when junk bond-funded bids threatened many companies and were often not in the interests of many shareholders. But, in the view of many institutional investors nowadays, they are more likely to be used to protect weak managements and compromised boards.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint