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...
elephant hunting n.— «One strategy particularly at risk is “elephant hunting,” as it is known on Wall Street, or the megabuyout of large publicly traded companies worth tens of billions of dollars.» —“Buyout firms adjust for less...
say on pay n.— «Say on pay is a proposal that’s making its way through Congress. Let’s say you own part of a public company. They’re looking for a CEO, and the wanna-be chief is pushing for big pay and cushy perks. Really? Say on pay...