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Joined 2 years ago
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Cake day: October 1st, 2023

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  • Did you even read the article you linked? It literally argues against your point.

    The literal first sentence of the article is:

    Contrary to myth, the sale of Ben & Jerry’s to corporate giant Unilever wasn’t legally required.

    And further down:

    This article aims to dispel the idée fixe that corporate law compelled Ben & Jerry’s directors to accept Unilever’s rich offer, overwhelming Cohen and Greenfield’s dogged efforts to maintain the company’s social mission and independence.

    Yet in the end, Ben & Jerry’s directors chose to accept a generous offer, even at a cost to the social mission, rather than allow the company’s defenses to be tested. Anti-takeover protections are only as effective as the people positioned to use them.