What does it say about the cultures of two corporations when their respective chairmen engage in essentially a teenager Twitter war?
“Tribune’s Attempt to Fend Off Gannett Heads for Symbolic Vote,” The Wall Street Journal, June 2, 2016 B1. One chairman sends a letter to the shareholders of the other chairman’s company, suggesting a conflict of interest in a proposed acquisition. The response was a text that calls the first chairman (a former personal friend) a liar.
Is this behavior you’d expect of the chairman of a major corporation? Is it a good idea to insult someone who buys ink by the barrel?
What’s the duty of a director to act in the best interests of the shareholders?
infogovnuggets 