Corporate Deal Making Made Easy: Just Give Donald Trump Personal Power To Approve All Strategic Decisions
Here’s a fun corporate governance puzzle for you. Suppose you’re a foreign company trying to buy an American steel producer. The previous administration blocked your deal. The current president promised during his campaign to block it too, saying he’d stop it “instantaneously. Absolutely.” How do you get the deal approved?
If you guessed “write the president’s name directly into your corporate charter and give him personal veto power over your business decisions,” congratulations! You understand modern American capitalism.