Perspective
Feb. 26, 2011
The Rise of 'Nanny Corporations’
Are poison pills becoming a tool for boards to limit shareholders from exercising their rights? By David M. Grinberg of Manatt, Phelps & Phillips LLP.
The term "nanny state" often critically refers to policies where government is perceived as being excessive in its desire to protect or control particular aspects of society while simultaneously undermining personal responsibility. For example, the San Francisco Board of Supervisors recently voted to ban McDonald's and other fast food restaurants from providing free toys with Happy Meals and similar food items because those meal...
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