The article "Taking Corwin Seriously" discusses how shareholder empowerment in corporate law may not always prevent insider overreaching in friendly sales. Shareholder approval is almost guaranteed for deals with a premium over market price. Shareholders now rely on financial intermediaries and activist hedge funds to protect their interests. The presence of activist hedge funds before a sale can lead to improved company performance and increased shareholder value. This suggests a need to reevaluate the effectiveness of shareholder votes in takeover situations.