Thursday, May 08, 2014

"The Sotheby's decision upholding activist pills is a huge win for good corporate governance"

Says Professor Bainbridge, though he adds that "Sotheby's then caved by putting Loeb and a couple of his cronies on their board" and recommends, "for good discussions of why Sotheby's caved," Alison Frankel here and Steven Davidoff here.

He also points to another key practical lesson of the case: the importance of email hygiene.