Board Games: The Changing Shape of Corporate Power [Paperback]

Arthur Fleischer (Author), Geoffrey C. Hazard (Author), Miriam Z. Klipper (Author)

Book Description

Publication Date: January 1, 1988

This is a reprint of a previously published book. It analyzes the metamorphosis in the role of directors of major companies and the new level of responsibility assumed in the board room.

Editorial Reviews

From Publishers Weekly

A corporate lawyer, a professor at Yale Law School and a former managing editor of Institutional Investor magazine join here in a study showing how business acquisitions, mergers, hostile takeovers, proxy battles and leveraged buyouts during the last decadealong with related court decisionshave transformed American industry, finance, investment and corporate governance. In eight significant case histories (Unocal vs. T. Boone Pickens's Mesa Corp., Union Carbide vs. GAF, Revlon vs. Pantry Pride, et al.) the authors demonstrate that sophisticated shareholder influence can put pressure for quick profit on management executives, as financial "raiders" seek control of conglomerates to sell off components at a premium, bidding up share prices in the process, often with minimal regard for ongoing company operations, revenues or integrity. Discussed are ingenious ploys of attack and defenseso-called poison pills, golden parachutes, greenmail, white-knight alliances, etc.that lend seemingly endless intricacy to these new "board games." Professionals should find plenty here to keep them agreeably "in play."
Copyright 1988 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Paperback: 248 pages
• Publisher: Beard Books (January 1, 1988)
• Language: English
• ISBN-10: 1587981629
• ISBN-13: 978-1587981623
• Product Dimensions: 8.5 x 6.7 x 0.6 inches
• Shipping Weight: 13.1 ounces (View shipping rates and policies)
• Amazon Best Sellers Rank: #6,544,185 in Books (See Top 100 in Books)