America for Sale: How the Foreign Pack Circled and Devoured Esmark
America for Sale recaps the amazing, sometimes incredible events leading up to the sale of Esmark, including intense pressure from the United Steelworkers and the company's major public shareholder to make a decision not in the best interest of all shareholders. It also analyzes the efforts by the Esmark board of directors to observe its fiduciary duty, details the company's "poison pill" effort to raise its sales price, and describes the actions of Leo Gerard and Ron Bloom of the United Steelworkers Union―which led to some surprising alliances. The authors―one Esmark's president and vice chairman of the board, the other an Esmark director, preeminent American economist, and former university president―then provide their own assessment of the Esmark story. They offer legislative and policy prescriptions aimed at making sure U.S. business doesn't devolve into one big garage sale to foreigners seeking to take advantage of the coming decline of the U.S. dollar. [From Amazon.com]
Santa Barbara, CA
Esmark, Steel industry, Foreign investments, Corporate consolidations, Corporate mergers
Industrial Organization | International Business | International Economics
Bouchard, Craig T. and Koch, James V., "America for Sale: How the Foreign Pack Circled and Devoured Esmark" (2009). Economics Faculty Books. 28.