Professor Bainbridge Cited in Philadelphia Inquirer Article on Poison Pill

February 8, 2011 -- Professor Stephen Bainbridge is cited in a Philadelphia Inquirer article about a "poison pill," which is at issue in the effort by Air Products & Chemicals Inc. in Allentown to buy Radnor's Airgas Inc.

Another governance expert, Stephen Bainbridge, of the UCLA School of Law, wrote last month that shareholder votes are part of a firm's decision-making machinery, but merely an accountability tool.

"While notions of shareholder democracy permit powerful rhetoric, corporations are not New England town meetings," he said.

To read the entire article, click here.