SandRidge board needs more reasons, fewer excuses
Activist fund TPG-Axon wants to replace directors. A response that’s big on scare tactics doesn’t cut the mustard. One rebuttal - that such an overthrow could trigger a $97 mln payout to the CEO - only betrays the board’s weak governance record. Shareholders deserve better.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.