Financial Outcomes
After the takeover the Guinness plc share price increased and settled to about three times its value before the takeover. Saunders could argue that he had discharged his duty to his shareholders. While this benefited the Guinness family enormously, their percentage of shares in the reformed company dropped to about 6% and their last director retired in 1992. Guinness plc had also negotiated a compensation package in 1988 for those who owned Distillers shares at the time of the takeover, which was accepted.
Bank Leu, still reeling from its role in a massive insider trading scandal in the United States, was ultimately forced to merge with Crédit Suisse in 1990.
Read more about this topic: Guinness Share-trading Fraud
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“The woman who does her job for society inside the four walls of her home must not be considered by her husband or anyone else an economic “dependent,” reaching out her hands in mendicant fashion for financial help.”
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