Home -> Law Blog Directory -> Academic Blogs -> Legal Theory Blog

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Academic

: Legal Theory Blog

Gordon on Social Choice & Corporate Law

By Lawrence Solum

ADVERTISEMENTS

Jeffrey N. Gordon (Columbia Law School) has posted Shareholder Initiative: A Social Choice and Game Theoretic Approach to Corporate Law on SSRN. Here is the abstract:

By longstanding practice, shareholders of large public corporations have delegated almost all decision rights over business matters to the board of directors. Given current calls for shareholder empowerment, it is worth revisiting the basis for the existing practice, as reflected in this 1991 paper. Among other things, we see that this absolute delegation rule minimizes potential pathologies in shareholder voting, including possibilities for opportunistic side-dealings and destructive voting cycles. These risks must be addressed lest shareholder empowerment merely replace one set of problems with another.

Full post as published by Legal Theory Blog on January 28, 2008 (boomark / email).

Lawsuits and Settlements

Department of Homeland Security, FBI, and Social Security Administration
allegedly denied social security insurance to disabled and elderly immigrants.

DLP
Ohio State to Receive $42 Million in Corporate Taxes Settlement

Westinghouse
alleging that former Westinghouse employees are being deprived of a choice in health care prescription plan benefits that were formerly available to them through union bargaining.

Social Security Loses Class Action, Will Pay $500 Million in Benefits
Social Security Loses Class Action, Will Pay $500 Million in Benefits

Social Security Class Action Launched
to Reinstate Wrongfully Terminated Payments

WA Dept. of Social and Health Services
Class action settlement reached will give $45,000 each to thousands of minority day-care providers.

Related Searches