Martin Lipton on the Role of the Corporation in Society

Geoffrey Owen, Tom Kirchmaier () and Jeremy Grant
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Geoffrey Owen: Interdisciplinary Institute of Management, London School of Economics and Political Science
Jeremy Grant: Graduate Institute of International Studies

Chapter 13 in Corporate Governance in the US and Europe, 2006, pp 73-78 from Palgrave Macmillan

Abstract: Abstract As a corporate lawyer involved in a number of the major takeover battles of the 1980s, Martin Lipton has influenced the jurisprudence of the law regulating mergers and acquisitions. In 1982, he created the ‘poison pill’, a takeover defence mechanism that provided many target firms with the means to withstand some of the more rapacious corporate raiders of that era. Subsequently, Mr Lipton has continued his advocacy of a wider role for the corporation in American society.

Keywords: Corporate Governance; Executive Compensation; Hostile Takeover; Hurdle Rate; Business Judgement Rule (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51245-0_13

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DOI: 10.1057/9780230512450_13

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