Did Goya’s CEO endorse Trump to prevent a buyout and keep his job?

We’ve heard a lot of crazy and colorfully named anti-takeover devices and strategies over the years, from chewable poison pills to greenmail, golden parachutes, and the Jewish dentists defense, but this is unquestionably the nuttiest, as possibly also the most destructive of shareholder value. [Goya CEO] Bob [Unanue] knew, when he said that [he supported…

‘Poison pill’ stops the presses on boardroom coup attempt at Johnston Press

A discredited US-created management entrenchment provision is being used in the UK. An attempted boardroom coup at Johnston Press has been thwarted by a controversial “poison pill” defence that could hand control of the newspaper publisher to its lenders.Christen Ager-Hanssen, the activist shareholder plotting to oust chairman Camilla Rhodes and the company’s senior management, has…