America for Sale : How the Foreign Pack Circled and Devoured Esmark

by Bouchard, Craig T.

• ISBN13: 9780313376788
• ISBN10: 0313376786
• Format: Hardcover
• Copyright: 2009-09-23
• Publisher: Greenwood Pub Group

Summary

Is it a good idea to allow foreigners to purchase critical and strategic American assets? No, say authors James Koch and Craig Bouchard. In America for Sale: How the Foreign Pack Circled and Devoured Esmark , Koch and Bouchard use the sale of Esmarka transaction that put over 50 percent of American steel production into foreign handsto make the case that this trend presents a clear and present danger to the economic future of United States of America.America for Sale recaps the amazing, sometimes incredible events leading up to the sale of Esmark, including intense pressure from the United Steelworkers and the company's major public shareholder to make a decision not in the best interest of all shareholders. It also analyzes the efforts by the Esmark board of directors to observe its fiduciary duty, details the company's "poison pill" effort to raise its sales price, and describes the actions of Leo Gerard and Ron Bloom of the United Steelworkers Unionwhich led to some surprising alliances. The authorsone Esmark's president and vice chairman of the board, the other an Esmark director, preeminent American economist, and former university presidentthen provide their own assessment of the Esmark story. They offer legislative and policy prescriptions aimed at making sure U.S. business doesn't devolve into one big garage sale to foreigners seeking to take advantage of the coming decline of the U.S. dollar.

Table of Contents

Preface	p. ix
Acknowledgments	p. xi
America for Sale?	p. 1
I Want Euros-You Can Keep Your Dollars	p. 37
Can It (Will It) Happen to Me?	p. 69
All That Is Made of Steel Is Not Unbreakable	p. 89
Esmark on the Attack	p. 111
Hunted by the Pack	p. 135
Winners and Losers	p. 157
If We Were Running This Country, We'd	p. 173
Notes	p. 195
Index	p. 199
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