Wall Street Journal (May 11)
2012/ 05/ 14 by jd in Global News
In the 1980s, they were called “corporate raiders” and frowned upon. Things have changed. “Warren Buffett is financing an unsolicited takeover bid for Avon Products” and the reaction is calm. There is now uproar. This is progress. “A thriving open market for corporate control imposes discipline on managers and can provide relief for long-suffering shareholders.”
Tags: Avon, Corporate raiders, Shareholders, Warren Buffet
