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Corporate & Securities Law

: BusinessAssociationsBlog.com

Fairfax on the Mom and Pop Shareholder Myth

By Stephen Bainbridge

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Lisa Fairfax has a nice post on the false assumption that underlies many arguments for shareholder democracy: … the rhetoric regarding shareholder democracy suggest that the market is full of small or individual investors at risk of being victimized by powerful corporations. That image gives shareholder democracy credibility because it is consistent with America’s broader notions of...

[continued on site]

Full post as published by BusinessAssociationsBlog.com on April 17, 2008 (boomark / email).

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