Corporate Law Gorilla Award 2007
In 2005, when I first announced the annual Corporate Law Gorilla Award, the idea died for lack of interest. I’m undaunted, and our audience has grown considerably in the last two years, which means that there is at least a chance that some of your new eyes may be interested in participating.
So here’s the contest: motivated by the famous gorilla-basketball experiment, I’d like to know “what unheralded tax-break/accounting technique, merger/breakup, stock/bond rise/fall/issuance, corporate announcement/silence, etc., will prove in the next several years to be the biggest missed business story” of 2007. The reader with the most plausible story will win fame, and, should her/his prediction prove accurate, possible immortality in a law review case comment footnote.
My guess: LBO-ready stakes taken by sovereign foreign funds in large U.S. financial companies. (Possible disqualification: covered by WSJ’s Berman two weeks ago. Okay, so readers are permitted to submit anything whose hype/real world impact ratio is <.5).