Bruce Wasserstein

Court: It is basic to our law that the board of directors has the ultimate responsibility

Excerpts: Mills Acquisition Co. v. Macmillan, Del.Supr., 559 A.2d 1261 (1989). In this interlocutory appeal from the Court of Chancery, we review the denial of injunctive relief to Mills Acquisition Co., a Delaware corporation, and its affiliates Tendclass Limited and Maxwell Communications Corp., PLC, both United Kingdom corporations substantially controlled by Robert Maxwell. Plaintiffs sought […]

Court: It is basic to our law that the board of directors has the ultimate responsibility Read More »

Excerpts: “Megadealer for the Rothschilds” Midway through the afternoon of Sept. 26, Robert S. Pirie, president of Rothschild Inc., waits anxiously in the salmon-colored dining room opposite his office at 1 Rockefeller Plaza. The dishes have been cleared away but the banker, having lunched on turbot quenelles, partridge and tarte tatin, washed down with the

Read More »