Steven Davidoff Solomon writes for The New York Times, June 9, 2016
Under the amended bylaws, Viacom can sell Paramount only if 100 percent of the directors of Viacom agree. Given that Mr. Redstone’s daughter, Shari Redstone, is a director of Viacom and has adamantly stated her opposition to a sale, this amendment is intended to put a halt to any possibility of a sale and to stop Viacom’s process seeking a buyer of a minority interest in Paramount.
Steven Davidoff Solomon writes for The New York Times, June 7, 2016
The Dell case is unlikely to be a game changer. The market price is likely to continue to be the price used because it is so difficult to compute “fair value” otherwise.
Steven Davidoff Solomon writes for The New York Times, May 31, 2016
Sumner Redstone’s failure to quickly remove Philippe P. Dauman as chief executive of Viacom may have been a misstep, a symptom of a man who is struggling with the predicament of ill health. To understand why Mr. Redstone may be acting too slowly, it is probably worth reflecting on what he might have done 20 years ago.
Steven Davidoff Solomon writes for The New York Times, May 31, 2016
By forcing everything onto the web, we lose the personal interaction. Everyone logs in and watches a preprogrammed set of questions and answers. And then everyone goes away. … It’s a modern world that is frightening in its disengagement.
Steven Davidoff Solomon writes for The New York Times, May 27, 2016
Any hostile bid must be paired with a bid to replace the target board. As the many hostile takeover deals out there show, though, sometimes this is not that easy.
Steven Davidoff Solomon writes for The New York Times, May 24, 2016
An overhaul in shareholder rights is coming as Delaware seeks to curtail a strategy that has grown popular with hedge funds. The question is whether shareholders or companies will benefit.
Steven Davidoff Solomon writes for The New York Times, May 23, 2016
On Friday, a lawyer working on behalf of Sumner M. Redstone notified Philippe P. Dauman, the chief executive of Viacom, that Mr. Dauman had been removed as a trustee of the trust that will control Viacom and CBS upon Mr. Redstone’s death or mental incapacity. Another trustee and Viacom director, George Abrams, was also removed as a trustee; both were to be replaced by other people. The maneuver, which is certainly up to the intrigue of “Game of Thrones,” is expected to give Mr. Redstone’s daughter, Shari Redstone, future control of these companies.
Steven Davidoff Solomon quoted by Wired, May 20, 2016
“It comes down to what Theranos knew about its machines when it raised capital, and what its investors didn’t know,” says Steven Davidoff Solomon.
Steven Davidoff Solomon writes for The New York Times, May 18, 2016
It’s hard to sell any company, but Yahoo is finding that it may be even harder when the entire world seems to know about your supposedly secret bidding.
Steven Davidoff Solomon writes for The New York Times, May 17, 2016
Yes, Lending Club deserves more scrutiny. But companies like it are not banks — they do not have the same central importance, and are not too big to fail. So far, peer-to-peer lending seems to do more good for consumers than bad.