Why Papa John’s Board Chose The ‘Poison Pill’
The Papa John’s International Inc. board of directors took a drastic step when it moved forward with a “poison pill” stockholder rights plan.
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The Papa John’s International Inc. board of directors took a drastic step when it moved forward with a “poison pill” stockholder rights plan.
For ousted Xerox CEO Jeff Jacobson, the perception (echoed by a judge) that he was pushing forward with a merger deal with Fujifilm to save his own job proved too much to overcome.
Xerox, the company that gave us the ethernet, the mouse, the graphical user interface, and the PC has succumbed as much to technology disruption as to corporate rot.
For corporate boards and their companies, the only real protection from an activist investor is to consistently turn in an excellent performance.
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