Hostile takeovers should be illegal

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.


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13 votes
Idea No. 1333