Lead Change Blog

JANUARY 11, 2018

I spent almost 30 years as a lawyer in private practice, advising business leaders on Delaware corporate law issues – addressing matters like preferred stock financings, IPOs, mergers, hostile takeovers, proxy contests, corporate governance and fiduciary issues.

Hostile Takeover 191

Hostile Takeover IPO Short-term Committee 191

Strategy Driven

OCTOBER 7, 2016

Organizations should coordinate management skills into its overall corporate strategy, in order to satisfy customer needs profitably, draw together the components for practical strategies and implement strategic requirements to impact the business. This is my review of how management styles have evolved. Under it, people were managed.

Management 70

Management Hostile Takeover Management by Objectives Objective 70

Strategy Driven

DECEMBER 18, 2015

Organizations should coordinate management skills into its overall corporate strategy, in order to satisfy customer needs profitably, draw together the components for practical strategies and implement strategic requirements to impact the business. This is my review of how management styles have evolved. Under it, people were managed.

Hostile Takeover 50

Hostile Takeover Management by Objectives Objective Scientific Management 50

Harvard Business Review

DECEMBER 1, 2011

I believe these arguments often miss a nuance: It is not the short-term investor but short-term management that is the problem. The short-term investor does not reduce the firm's long-term competitiveness and value;short-term management does. There are many reasons for managers not to ignore the short-term price.

Short-term 15

Short-term Hostile Takeover Long-term Management 15

Harvard Business Review

OCTOBER 3, 2016

This was quickly followed by the era of hostile takeovers in the 1980s. The junk bond market made financing large takeovers possible and even the biggest among the Fortune 500 firms were no longer safe from a forced acquisition. In the past, such takeovers had largely been restricted to the world of smaller firms.

Golden Parachute 12

Golden Parachute Hostile Takeover Airlines Execution 12

Harvard Business Review

SEPTEMBER 12, 2014

A half-century ago, CEOs typically managed companies for the benefit of all their stakeholders – not just shareholders, but also their employees, communities, and the nation as a whole. American companies and American citizens achieved a virtuous cycle of higher profits accompanied by more and better jobs.

Hostile Takeover 10

Hostile Takeover Education CEO Class 10

Harvard Business Review

JANUARY 21, 2014

Contrary to the adverse experience of some governing boards, activist investors can actually prove to be a leadership asset on the board rather than a disruptive force—providing the boardroom is well-managed and led. It was the directors’ decision to make, but it was one helped to catalyze into reality by Carl Icahn.

Hostile Takeover 8

Hostile Takeover Chief Financial Officer Due Diligence Charan 8