Hostile takeovers should be illegal

Rank 2436
Idea#1333

Stage: Active

Campaign: Rulemaking

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.

Tags

Submitted by

Feedback Score

13 votes
Voting Disabled

Idea Details

Vote Activity (latest 20 votes)

  1. Agreed
  2. Agreed
  3. Disagreed
  4. Disagreed
  5. Agreed
  6. Disagreed
  7. Agreed
  8. Disagreed
  9. Agreed
  10. Disagreed
  11. Agreed
  12. Agreed
  13. Agreed
  14. Disagreed
  15. Agreed
  16. Agreed
  17. Agreed
  18. Disagreed
  19. Agreed
  20. Disagreed
(latest 20 votes)

Similar Ideas [ 5 ]

ReviewScale

Assessment

Comments

  1. Comment
    tomgoldie

    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?

    0 Agreed
    0 Disagreed
  2. Comment
    stevensje ( Idea Submitter )

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

    0 Agreed
    0 Disagreed