Corporate law should be changed to prohibit management from using most of the legal methods currently used to fight takeover?
Read the following case then debate #1: Mario Bonsetti and Rico Sanchez incorporated Gnarly Vulcan Gear, Inc., to manufacture windsurfing equipment. Bonsetti owned 60 percent of the corporation’s stock, and Sanchez owned 40 percent. Both men served on the board of directors. Hula Boards, Inc., owned solely by Mai Jin Li, made a public offer […]