Poison pills are more likely a defense of bad management than a defense of stockholders rights. They undermine the market for corporate control and, as a result, the value of stockholders’ investments.
Gary Galles
Dr. Gary Galles is a Professor of Economics at Pepperdine.His research focuses on public finance, public choice, the theory of the firm, the organization of industry and the role of liberty including the views of many classical liberals and America’s founders.His books include Pathways to Policy Failure, Faulty Premises, Faulty Policies, Apostle of Peace, and Lines of Liberty.
Joe Biden Meet President Calvin Coolidge
The differences between President Calvin Coolidge’s results and Joe Biden’s results are like night and day. Coolidge closely reflected our Founders’ insights in what he wrote and said, which we would truly profit from, given how far we have deviated from those ideas in modern America.
George Washington’s Warning about Alienating ‘Any Portion of Our Country from the Rest’
Many have embraced the fatal disunity of factions, putting liberty in extreme peril.
Packing the Supreme Court Of The United States
The current court packing approach is sharply at odds with our founders. It violates the most famous of the Federalist Papers on the courts, Federalist 78, and would justify an “I told you so” from the Anti-Federalists.
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