Pennzoil's management and board of directors vehemently opposed the takeover.
Delta's management opposes the deal and plans to file its stand-alone plan in bankruptcy court next week.
Then, when the industry turned around, they found that management opposed raising their wages.
Delta's management opposes the proposal and intends to file its plan to exit bankruptcy next week.
Institutional investors generally dislike poison pills because they reduce the chances of a big stock gain from a takeover that management opposes.
Western's management publicly opposed his investment, but failed to deter him.
He left the company in 1963 after its management opposed some of his recording plans, but he returned in 1973.
The company's management has firmly opposed a spinoff before 1997, saying it would lead to dire legal liabilities and lower credit ratings.
But management at McDonald's has opposed the ordinance.
Tyco's management opposed the move, arguing that the new board needed time to evaluate the implications of a move.