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Saturday, August 26, 2006

Culture of Corruption--41 Percent of Buyouts Suspicious

by Jay Allbritton
In case you were wondering, yep, they're screwing ya.

From Raw Story:
A NY Times study finds that 41% of companies receiving buyout bids in the last twelve months show "abnormal and suspicious trading" before the deals became public.

"The boom in corporate mergers is creating concern that illicit trading ahead of deal announcements is becoming a systemic problem," writes Gretchen Morgenson for the Times.

Who would have thought?

VIDEO: David Sirota talks about his book, Hostile Takeover.


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