Famous TV news commentator: “Corporate raiders” embody all that is wrong with the capitalist system. These people are only in it for the money. They don’t care about the firm’s customers, or the firm’s workers, or the other owners. They just want to make a buck in the short-run, even if they leave things in ruins after they have done their worst.”
(1) Explain why this person needs to take a course in Managerial Economics.
(2) That said, does that mean that a firm should never mount a defense against a hostile takeover?