Peter Schoenfeld = Traitor of America
Well I think Schoenfeld is just looking out for the interests of his clients, who own Unocal shares through his company. You can't blame Schoenfeld for that, but Unocal's board is also looking out for Unocal shareholders and at this time the board knows more about the CNOOC bid than anyone else in the US. So I would think the board has good reasons for rejecting the CNOOC bid, and at the appropriate time they may communicate these reasons to Unocal's shareholders.
I'd be real curious to see a Freeper bio on Peter Schoenfeld.