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Rank2436

Idea#1333

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Hostile takeovers should be illegal

Why Is This Idea Important?: Many times both companies fail from the huge debt. Good products are taken from the market. Technology stolen by foreign companies, etc. Future technology is slowed. American markets are gone as well as jobs. Sometimes this is on purpose by their competition. It is market monopoly at it's worst. Hostile take overs have no good side from what I see. An example of hostile takeover would be an ice cream company. Their product not at all as good as before. They sell two for one and think that makes it better.

Very good American companies have been victims of hostile take overs.

The corporate\company CEOs, lawyers, etc. profit big time but not the company, employees, or shareholders. In towns with only a few industries the community suffers too. Huge debt can ruin them all.

When you think about it the hostile CEOs and directors have violated the corporate charter to be good citizens to that community, etc. No charge is filed. No state outrage by govenment to make it answer for the hostile take over being good or bad. It is against the law and has a huge fine.

Submitted by stevensje 2 years ago

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Comments (2)

  1. tomgoldie said:

    So, are you saying that stocks should not be able to be sold, or that stock holders should not be able to vote on who runs the company?

    Those companies are "victims" of their stock holder's self-interest: selling their stocks when the price gets high enough. Are you advocating that people cannot sell their stocks?

    2 years ago
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  2. stevensje said:

    As a stock holder in the acquired company you have no say. It is a "hostile takeover" is it not?

    2 years ago
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