http://blogs.law.harvard.edu/corpgov/2007/10/22/classified-boards-once-again-prove-their-value-to-shareholders/ Sponsored by the HLS Corporate Governance Program Sat, 11 Oct 2008 12:53:15 +0000 http://wordpress.org/?v=2.5.1 http://blogs.law.harvard.edu/corpgov/2007/10/22/classified-boards-once-again-prove-their-value-to-shareholders/#comment-5775 Andy Eggers Wed, 24 Oct 2007 15:15:15 +0000 http://blogs.law.harvard.edu/corpgov/2007/10/22/classified-boards-once-again-prove-th#comment-5775 So, let's see: The memo this post refers to provides _two instances_ in which a takeover was thwarted by a staggered board and the company was later sold for more. The Bates, Becher, and Lemmon paper cited in that memo _does not_ find that shareholders do better with a classified boards; it merely fails to find that they do worse. Now what is the basis for the triumphalist tone of this post? So, let’s see: The memo this post refers to provides _two instances_ in which a takeover was thwarted by a staggered board and the company was later sold for more. The Bates, Becher, and Lemmon paper cited in that memo _does not_ find that shareholders do better with a classified boards; it merely fails to find that they do worse. Now what is the basis for the triumphalist tone of this post?

]]> http://blogs.law.harvard.edu/corpgov/2007/10/22/classified-boards-once-again-prove-their-value-to-shareholders/#comment-5681 James J. Hanks, Jr. Mon, 22 Oct 2007 18:23:40 +0000 http://blogs.law.harvard.edu/corpgov/2007/10/22/classified-boards-once-again-prove-th#comment-5681 Please send Mirvis article. Thx. JJH Please send Mirvis article. Thx. JJH

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