Sulzer - another victim of poor takeover protection

The fact that a Russian 'Oligarch' can exercise control over a century-old company like the Swiss Engineering firm Sulzer is an indictment of the system of corporate governance that is allowed by 'free-for-all' takeover rules. While this system may just be acceptable for football clubs (and a simple rule change limiting the votes for each owner to a modest level would be welcome there as well) it is questionable whether the interests of good management and wider stakeholders (employees present and past, customers, the community the company is based in) is really served well by giving individual shareholders too much influence just on the basis of a minority stake in the company (even if it is 31%). Minority governments are bad enough (The UK suffers from this for more than 30 years now) but there is no reason to replicate this in listed companies. If Mr. Vekselberg, for example, thinks he has a superior business plan for Sulzer he could either (1) try to convince the other shareholders and/or management about the quality of his ideas or (2) try to gain control about the majority of the share capital in a supervised auction process that avoids premature squeezing out of Shareholders that see long-term growth potential in the shares and do not want to be deprived of it due to weak takeover controls.