Steven Davidoff Solomon writes for The New York Times, October 31, 2014
The hostile offer from BGC Partners to acquire the GFI Group, a New York brokerage and clearing firm, may really just be a smokescreen.
Steven Davidoff Solomon writes for The New York Times, October 31, 2014
The hostile offer from BGC Partners to acquire the GFI Group, a New York brokerage and clearing firm, may really just be a smokescreen.
Steven Davidoff Solomon writes for The New York Times, October 28, 2014
Outperforming the market is almost impossible in the long term. When a buyer is offering top dollar in a hostile offer, it is going to be exceedingly hard for a company’s management to contend that it could do better unless it has a unique product that no one else can replicate.
Steven Davidoff Solomon, Thomas Krishnan and CNV Krishnan study quoted in JD Journal, October 16, 2014
“Top plaintiffs’ law firms do engage in more vigorous litigation and produce statistically significantly superior results,” the study said. “Adjusting for … selection bias, we still find that topmost 5 law firms file more documents, have fewer cases dismissed, win more procedural motions and obtain more substantive settlements.”
Steven Davidoff Solomon writes for The New York Times, October 16, 2014
By issuing out stock, Facebook is paying billions more than it needed to. Had it paid cash, Facebook would have frozen the amount paid and saved its shareholders money.
Steven Davidoff Solomon writes for The New York Times, October 14, 2014
Shareholder activism can be a positive force and certainly companies should listen to case. … But as companies run in fear to reorganize themselves, one has to wonder if fear alone is a good way to run corporate America.
Steven Davidoff Solomon interviewed by Bloomberg TV, October 10, 2014
“The Darden board had to have known that the shareholder backlash from selling Red Lobster would be quite heavy. You wonder why they took this step—what were they thinking and what were the advisers telling them for their millions of dollars in fees? … They should have spoken to their shareholders.”
Steven Davidoff Solomon writes for The New York Times, October 7, 2014
Vivienne had started the lemonade stand to end child slavery, vowing to sell lemonade for a year or until she raised $100,000. Because this is a Silicon Valley story, she had become an Internet sensation by the 14th day.
Steven Davidoff Solomon and David Zaring write for The New York Times, October 2, 2014
Parsing what the United States District Court did in the Fannie and Freddie litigation offers a window into the ways in which the government’s conduct during that crisis might finally be evaluated.
Steven Davidoff Solomon writes for The New York Times, September 30, 2014
The directors of Darden Restaurants, the owner of Olive Garden and other quintessentially American restaurant chains, may have decided that they would rather commit corporate suicide than give in to the demands of two activist shareholders, Starboard Value and the Barington Capital Group. It would be touching if it didn’t appear to be so inexplicably foolish.
Steven Davidoff Solomon writes for The New York Times, September 23, 2014
Given the relatively small amount invested, Calpers was in hedge funds for the wrong reasons. The returns were not there. And unless the pension fund scaled up its investment by tens of billions of dollars, the hedging aspect of hedge funds could not work