Revlon duty
n.— «This “shareholder value maximization” obligation, sometimes called the Revlon duty, helps ensure public company shareholders participate in control premiums. It also keeps management honest, especially when hostile bidders are competing for a company.» —“Canada’s M&A rule book may be written” by Christopher C. Nicholls Globe and Mail (Toronto, Canada) June 9, 2008. (source: Double-Tongued Dictionary)
Further reading
Eels, orts, and Wordle! Sweden awarded its most prestigious literary award to a book about…eels. The Book of Eels reveals the mysterious life cycle of this sea creature and its significance for famous figures from Aristotle to Sigmund Freud. Plus...
Jules in Washington, D.C., is puzzled when a speaker at a meeting says the gathering will be covered by Chatham House Rules. Correctly said there’s just one Chatham House Rule, and it’s named after Chatham House, a think tank and...