Non-Fiction Books:

America for Sale

How the Foreign Pack Circled and Devoured Esmark
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Hardback
$152.99
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Description

Exploring the issue of foreign ownership of corporate America, a leading economist and the president of the steel producer, Esmark, revisit the sale of that company to a Russian firm. 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 Esmark—a transaction that put over 50 percent of American steel production into foreign hands—to 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 Union—which led to some surprising alliances. The authors—one Esmark's president and vice chairman of the board, the other an Esmark director, preeminent American economist, and former university president—then 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.

Author Biography:

Craig T. Bouchard is the president of Esmark, Inc. James V. Koch is board of visitors professor of economics and president emeritus at Old Dominion University, Norfolk, VA.
Release date Australia
September 23rd, 2009
Audiences
  • Professional & Vocational
  • Tertiary Education (US: College)
Interest Age
From 7 to 17 years
Pages
210
Dimensions
164x239x22
ISBN-13
9780313376788
Product ID
3624562

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