eBook - PDF

America for Sale

Name: America for Sale
ISBN: 9780313376795

How the Foreign Pack Circled and Devoured Esmark

Craig T. Bouchard,

James V. Koch,

224 pages
English
PDF
Available on iOS & Android

eBook - PDF

America for Sale

How the Foreign Pack Circled and Devoured Esmark

Craig T. Bouchard,

James V. Koch,

About this book

Exploring the issue of foreign ownership of corporate America, a leading economist and the president of the steel producer, Esmark, revisit the sale of that company to a Russian firm. Is it a good idea to allow foreigners to purchase critical and strategic American assets? No, say authors James Koch and Craig Bouchard. In America for Sale: How the Foreign Pack Circled and Devoured Esmark, Koch and Bouchard use the sale of Esmark—a transaction that put over 50 percent of American steel production into foreign hands—to make the case that this trend presents a clear and present danger to the economic future of United States of America. America for Sale recaps the amazing, sometimes incredible events leading up to the sale of Esmark, including intense pressure from the United Steelworkers and the company's major public shareholder to make a decision not in the best interest of all shareholders. It also analyzes the efforts by the Esmark board of directors to observe its fiduciary duty, details the company's "poison pill" effort to raise its sales price, and describes the actions of Leo Gerard and Ron Bloom of the United Steelworkers Union—which led to some surprising alliances. The authors—one Esmark's president and vice chairman of the board, the other an Esmark director, preeminent American economist, and former university president—then provide their own assessment of the Esmark story. They offer legislative and policy prescriptions aimed at making sure U.S. business doesn't devolve into one big garage sale to foreigners seeking to take advantage of the coming decline of the U.S. dollar.

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Yes, you can access America for Sale by Craig T. Bouchard,James V. Koch in PDF and/or ePUB format, as well as other popular books in Business & Business History. We have over one million books available in our catalogue for you to explore.