“Some managements are feeling pretty hemmed in...

“Some managements are feeling pretty hemmed in these days as this desperate gesture shows. This one says: ‘We’re in the trenches, boys--fix bayonets.’ ”

--Gregg Jarrell, a finance professor and former chief economist for the Securities and Exchange Commission, on a pact by the top 25 executives of Borden Inc. calling for all of them to quit if any of them is fired after a corporate takeover they consider unfair.