America for Sale : How the Foreign Pack Circled and Devoured Esmark [Hardcover]

Exploring the issue of foreign ownership of corporate America, a leading economist and the president of the steel producer, Esmark, revisit the sale of that company to a Russian firm.

Is it a good idea to allow foreigners to purchase critical and strategic American assets? No, say authors James Koch and Craig Bouchard. InAmerica for Sale: How the Foreign Pack Circled and Devoured Esmark, Koch and Bouchard use the sale of Esmarka transaction that put over 50 percent of American steel production into foreign handsto make the case that this trend presents a clear and present danger to the economic future of United States of America.

America for Salerecaps the amazing, sometimes incredible events leading up to the sale of Esmark, including intense pressure from the United Steelworkers and the company's major public shareholder to make a decision not in the best interest of all shareholders. It also analyzes the efforts by the Esmark board of directors to observe its fiduciary duty, details the company's poison pill effort to raise its sales price, and describes the actions of Leo Gerard and Ron Bloom of the United Steelworkers Unionwhich led to some surprising alliances. The authorsone Esmark's president and vice chairman of the board, the other an Esmark director, preeminent American economist, and former university presidentthen provide their own assessment of the Esmark story. They offer legislative and policy prescriptions aimed at making sure U.S. business doesn't devolve into one big garage sale to foreigners seeking to take advantage of the coming decline of the U.S. dollar.

Craig T. Bouchardis the president of Esmark, Inc.

James V. Kochis board of visitors professor of economics and president emeritus at Old Dominion University, Norfolk, VA.

Much of the economic discussion in the book is elementary, although at times it becomes very detailed. The details, however, are critical to undeló-