Tag: Cathedral Problem

Internal Poison Pills: Managing the Governance Tension Between Majority and Minority Shareholders with a Novel Financial Instrument

George S. Geis - University of Virginia School of Law

Large corporations harbor dark corners, and these shadows shelter a daunting collection of governance concerns.  There are at least three internal governance problems.  First, lazy or dishonest managers might use their control of a firm’s daily operations to make poor decisions or steal that which rightfully belongs to shareholders.  Second,… Read More »