Prof. Bainbridge takes The Economist to task, in a polite manner, for factual and conceptual errors in its reporting on shareholder activism. Along the way we are treated to his view that the Delaware Supreme Court’s Time decision does not endorse a “just say no” defense in an arguably Revlon context, and he explains why he rejects the view that shareholders are “owners” of the corporation in the conventional sense of the term. Here is the link:
ProfessorBainbridge.com: The Economist on Bloggers and Shareholder Activism