Word: dukakises
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Dates: during 1980-1989
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Seeking to protect the Massachusetts Miracle against corporate raiders, Gov. Michael S. Dukakis yesterday proposed installing some of the nation's highest barriers to hostile takeovers.
The barriers would include requiring mandatory severance pay for workers laid off during takeover battles. Dukakis said he hoped the package would win speedy approval from the state Legislature and inspire similar measures across the nation.
Since the bill was drafted by a 27-member commission appointed by Dukakis and including labor leaders, corporate executives, lawyers and legislators, the measure is virtually guaranteed a solid base of support.
Dukakis maintained the legislation was not designed to ban all takeovers, or even all hostile takeovers.
It's Derek Bok's fault. Wasn't it Michael Dukakis who said about the Reagan administration's drug policy, "A fish rots from the head down"? Well, if this college is tense, then it must all start in Massachusetts Hall.