Just think about the underlying principle. I borrow $10m from you to buy company X, pay myself a healthy commission, pay an accountant to do some financial wizardry, and now previously-profitable company X is $100m in the red and half the employees are laid off or something while I got a fat fee for restructuring the company.
No, which is why I raised the question - why isn't it illegal? Given the acts with a social cost that soon follow to "pay" for the company's acquisition? Redundancies etc.
It isn’t illegal because no one made it illegal, it’s pretty obvious no? But being a little less flippant, I can’t see any reason why it should be illegal. If I buy a company I should be able to do whatever I want with it. If shareholders didn’t have the power to make choices about the company they own, the very fabric of capitalism would be undermined.
