“Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future.”

— Lawrence H. Summers

Lawrence Summers in: Glenn Pascall (August 16, 1987) "Raiding Can Be Seen As Wake-Up Call For Corporate America", The Seattle Times, p. B4.
1980s

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Lawrence H. Summers12

Former US Secretary of the Treasury 1954

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“Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future.”

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