The War on Staggered Boards

Here is a corporate governance puzzle to ponder. Companies that are already public are rushing headlong to ditch their staggered boards. More evidence of this comes from the Harvard Law School Shareholder Rights Project. At the same time, however, companies undertaking initial public offerings, like Angies’ List and LinkedIn, are increasingly choosing to go public with staggered boards. What explains this odd divergence?

via dealbook.nytimes.com

Good analysis.