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
When a teenager went a week without talking as part of a school project, he noticed a surprising side effect: Instead of rehearsing a response to what other people were saying to him, he was focused on listening — and feeling smarter as a result...
Iranian-American poet Solmaz Sharif once observed that “The duty of the writer…is to remind us that we will die. And that we aren’t dead yet.” This is part of a complete episode. Transcript of “Duty of the Writer” I...