On Mon, 29 Aug 2005 00:14:42 GMT, "John R. Carroll"
wrote:

(snip to the heart of the matter (perhaps).

What were the examples of "green mail"? How did that work?

In the Good Year instance Bob Mercer, GoodYear's chairman, paid Sir James
GoldSmith a substantial premium to go away.
Goldsmith was trying to buy and reorganize Goodyear. They were
underpreforming. Mercer saved his job. Green Mail is a form of extortion.

If "green mail" forced Mercer to get Goodyear to stop
underperforming and start performing up to its potential, I
see that as a Good Thing. Extortion? To force Mercer to
get Goodyear performing? I don't think so.

(rest snipped)

--
Robert Sturgeon
Summum ius summa inuria.
http://www.vistech.net/users/rsturge/