F. Hodge O'Neal Corporate and Securities Law Symposium
Author: Murray Weidenbaum (Washington University School of Law)
The three sacred cows that will be engaged (let us not say slaughtered) are: (1) the widespread knowledge that leveraged buyouts (LBOs) only benefit a few insider wheeler-dealers (also rejected is the converse belief that all LBOs contribute to a healthier economy); (2) takeovers are uniformly good for shareholders; and (3) investment bankers are the appropriate folks to pass judgment on whether a board should approve a proposed acquisition, merger, or sale.
Keywords: Consolidation & merger of corporations, Leveraged buyouts, Outside directors of corporations
How to Cite: Weidenbaum, M. (1992) “Lessons of an Outside Director”, Washington University Law Review. 70(2).