He was said by ''Forbes'' magazine to "have the arrogance of a banana republic dictator" and by the ''[[The New York Times|New York Times]]'' to be the "dean of the corporate takeover".<ref>http://www.findarticles.com/p/articles/mi_m3190/is_n38_v23/ai_7964205 {{Bare URL inline|date=September 2022}}</ref> T''he Economist'' said, after he died, "he was a pioneer of the hostile takeover of a public company. He was dismissive of the convention previously observed that a takeover should have the agreement of the existing board. He would spot a company whose assets he judged were undervalued, gain control and milk it. Some bits would be sold off, others would be closed. Previously unconsidered treasures, such as the employees' pension fund, would be raided and reinvested in Mr Posner's other companies."<ref>[https://web.archive.org/web/20121104084404/http://www.highbeam.com/doc/1G1-87459971.html "Victor Posner, master of the hostile takeover"], ''The Economist March'' 7, 2002</ref> Posner was a maverick player in the world of corporate finance. Many of his dealings were alleged to be illegal and he was closely watched by the [[United States Securities and Exchange Commission|Securities and Exchange Commission]] from the mid-1980s on.
