Sunday, August 11, 2002

Hostile Takeovers

Corporate law professors are fascinated by hostile takeovers. My friend and co-author, does an annual survey for the Corporate Practice Commentator to find the best corporate and securities law articles. In the most recent survey, there were 11 articles in the Top 10, and six of them focused on hostile takeovers -- including the article that Bob and I wrote entitled "Toward a New Theory of the Shareholder Role". Our preoccupation with hostile takeovers is now approaching the status of fetish. It is time, colleagues, to move on and start writing about myriad other important issues. If you are looking for new direction, I suggest following Ron Gilson's lead.