Journal of Business Ethics 6 (3):165 - 178 (1987)

Robert Edward Freeman
University of Virginia
In the contemporary flurry of hostile corporate takeover activity, the ethics of the practice of greenmail have been called into question. The authors provide an account of greenmail in parallel with Daniel Ellsberg's conception of blackmail, as consisting of two conditions: a threat condition and a compliance condition.The analysis then proceeds to consider two questions: Is all greenmail morally wrong? Are all hostile takeovers morally wrong? The authors conclude that there is no basis for answering either question in the affirmative. While there is no cause for moral concern per se, the practices of both greenmail and hostile takeovers yield deeper and more interesting questions for the theory of corporate governance.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
DOI 10.1007/BF00382861
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 65,768
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library

References found in this work BETA

The Corporation as a Moral Person.Peter A. French - 1979 - American Philosophical Quarterly 16 (3):207 - 215.
The Concept of Corporate Responsibility.Kenneth E. Goodpaster - 1983 - Journal of Business Ethics 2 (1):1 - 22.

Add more references

Citations of this work BETA

Add more citations

Similar books and articles

Corporate Strategy and Ethics.Daniel R. Gilbert - 1986 - Journal of Business Ethics 5 (2):137 - 150.
Mergers, Takeovers, and a Property Ethic.Vincent Norcia - 1988 - Journal of Business Ethics 7 (1-2):109 - 116.


Added to PP index

Total views
70 ( #157,214 of 2,462,866 )

Recent downloads (6 months)
2 ( #299,182 of 2,462,866 )

How can I increase my downloads?


My notes