The shareholder empowerment provisions enacted as part of the recent bailout legislation are internally incoherent because they fail to address the short-termist realities of shareholder ownership today. Ownership has separated from ownership in modern corporate America: individual investors now largely hold stock through mutual funds, pension funds, and hedge funds. The incentives of these short-term financial intermediaries only imperfectly reflect the interests of their long-term holders - an imbalance only exacerbated by the bailout’s corporate governance legislation. The bailout’s focus on shareholder empowerment tactics - such as proxy access, say-on-pay, and increased disclosure - makes little sense if shareholders are only in it for...
This Article examines corporate law from the perspective of personal investment and discusses the ec...
Many commentators assert that enhanced shareholder power is a promising cure for corporate governanc...
As we reel from the effects of a recent financial disaster, it is apparent that there is a significa...
The shareholder empowerment provisions enacted as part of the recent bailout legislation are interna...
The shareholder empowerment provisions enacted as part of the recent bailout legislation are interna...
The separation of ownership and control publicized by Berle and Means in 1932 persists today. Domina...
The key to effective corporate accountability today appears to be the existence of a class of perma...
For most of the twentieth century, the conventional wisdom held—probably correctly—that shareholders...
Institutional investors play a central role in corporate finance and ownership. But their direct rol...
For most of the twentieth century, the conventional wisdom held—probably correctly—that shareholders...
For most of the twentieth century, the conventional wisdom held—probably correctly—that shareholders...
For most of the twentieth century, the conventional wisdom held—probably correctly—that shareholders...
For most of the twentieth century, the conventional wisdom held—probably correctly—that shareholders...
For most of the twentieth century, the conventional wisdom held—probably correctly—that shareholders...
This article re-examines the shareholder value revolution of the 1980s to challenge the dominant con...
This Article examines corporate law from the perspective of personal investment and discusses the ec...
Many commentators assert that enhanced shareholder power is a promising cure for corporate governanc...
As we reel from the effects of a recent financial disaster, it is apparent that there is a significa...
The shareholder empowerment provisions enacted as part of the recent bailout legislation are interna...
The shareholder empowerment provisions enacted as part of the recent bailout legislation are interna...
The separation of ownership and control publicized by Berle and Means in 1932 persists today. Domina...
The key to effective corporate accountability today appears to be the existence of a class of perma...
For most of the twentieth century, the conventional wisdom held—probably correctly—that shareholders...
Institutional investors play a central role in corporate finance and ownership. But their direct rol...
For most of the twentieth century, the conventional wisdom held—probably correctly—that shareholders...
For most of the twentieth century, the conventional wisdom held—probably correctly—that shareholders...
For most of the twentieth century, the conventional wisdom held—probably correctly—that shareholders...
For most of the twentieth century, the conventional wisdom held—probably correctly—that shareholders...
For most of the twentieth century, the conventional wisdom held—probably correctly—that shareholders...
This article re-examines the shareholder value revolution of the 1980s to challenge the dominant con...
This Article examines corporate law from the perspective of personal investment and discusses the ec...
Many commentators assert that enhanced shareholder power is a promising cure for corporate governanc...
As we reel from the effects of a recent financial disaster, it is apparent that there is a significa...