Lessons of an Outside Director

Authors

Murray Weidenbaum, Washington University School of Law

Publication Title

Washington University Law Quarterly

Abstract

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.

Recommended Citation

Murray Weidenbaum, Lessons of an Outside Director, 70 Wash. U. L. Q. 563 (1992).
Available at: https://openscholarship.wustl.edu/law_lawreview/vol70/iss2/15