O'Reilly logo

Bloodsport: When Ruthless Dealmakers, Shrewd Ideologues, and Brawling Lawyers Toppled the Corporate Establishment by Robert Teitelman

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter Thirteen

THE OMNIPRESENT SPECTER OF THE PYGMY STATE

THE ACADEMIC ARGUMENTS about takeovers sorted themselves out only over the long run—over a span of years, even decades. In that long run, they had, in hindsight, a major effect on the way takeovers were perceived, albeit one that was shaped by other factors as well. Meanwhile, in the real world of this rapidly evolving deal culture, events were unfolding like a house falling down, creating their own winners and losers. The noise was deafening, the dust thick, the consequences very far from theoretical. Michael Milken was raising junk financing and backing a swarm of hostile takeovers. No corporation was safe. And in response, companies were reaching for the most practical defensive ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required