Re:Ask HN: What happened to Twitter poison pill?
by krick on Monday April 25, 2022 @10:15PM
(#31163265)
Thanks, that's a bit more of an explanation to what I was wondering about than most of the other answers.
Re:Ask HN: What happened to Twitter poison pill?
by friesfreeze on Monday April 25, 2022 @10:58PM
(#31163512)
You're welcome. Corporate governance is a surprisingly controversial area for how boring it seems at first glance.
Here's a more in depth apologetic for the interested: https://theliptonarchive.org/1980s/
Re:Ask HN: What happened to Twitter poison pill?
by whatshisface on Tuesday April 26, 2022 @01:05AM
(#31164127)
Corporate governance looks absolutely exciting at first glance, because so much of our lives are determined by it. (We spend a lot more time buying products than we do voting for politicians or filing taxes, same with spending money.)
One is that poison pills kind of soften the edges of capitalism a bit by allowing directors to decide if they want to the company to be sold or not. Call it crocodile tears by entrenched management, but there is something to be said for keeping a company off the market if the hostile bidder is going to just fire workers and scrap the company for parts. Fairly, this view is not consistent with "shareholder primacy" but it has to be said that not everyone sees the world that way.