The accurate pricing of securities in the capital markets depends upon the markets being both efficient and fair. In management buyout transactions (MBOs), the price bid by inside managers enhances the efficient pricing of securities but raises a reasonable doubt about the fairness to existing shareholders. This study addresses this fairness question in MBOs and offers short-term and long-term legal alternatives which allow both the efficiency and fairness criteria to be met. In the short-term the case law established in the (...) Basic v. Levinson decision for merger negotiation disclosures should be applied to MBO transactions. Over the longer horizon, legislative changes should be made to existing securities laws. Applying the investor protection principles of the 1933 and 1934 securities acts to MBO transactions will suppress the temptation of managers to extract shareholder wealth for their personal gain. (shrink)

A compilation of all previously published writings on philosophy and the foundations of mathematics from the greatest of the generation of Cambridge scholars that included G.E. Moore, Bertrand Russell, Ludwig Wittgenstein and Maynard Keynes.

Regarded as the 'father of conservatism', Edmund Burke was one of the most versatile and accomplished thinkers of the eighteenth century. The first volume of F.P. Lock's acclaimed biography covers his Irish upbringing, early writing, and his parliamentary career throughout the momentous years of the American War of Independence.

The first volume of a new biography of Edmund Burke, one of the most profound, versatile, and accomplished thinkers of the eighteenth century. A writer and philosopher as well as an active politician, his speeches are still read and studied as classics of political thought, and through his best-known work, Reflections on the Revolution in France, he has exercised a profound posthumous influence as `the father of conservatism'.

This volume concludes Professor Lock's magisterial biography of Edmund Burke, one of the most influential political philosophers in the Western tradition. Covering the most interesting years of Burke's life, the leading themes are India and the French Revolution. Burke was a key figure in shaping long-term British attitudes to both.