You can read "Barbarians at the Gate" for some 1980s history of corporate raiding. Back then, it was pure greed and ego. So unlike today [smile emoji].

The "poison pill" defense is very old. I'm not going to defend or attack it; it is what it is.

I WILL observe that, once a stock is "in play" it usually gets acquired, or at least gets a bunch of new board members.