Academic

The False Promise of One Share, One Vote: A Response to Larry Ribstein
In our paper, ?The False Promise of One Share, One Vote,? Grant Hayden and I argue that the traditional justifications for the one-share, one-vote paradigm fail to hold up under scrutiny...

Fogel v. U.S. Energy Systems Inc and Limits on the Authority of Independent Directors
Delaware courts may provide incentive for boards to have independent directors but they are not about to actually let them run the company.  In a series of recent cases, the Delaware courts have gone out of their way to limit the authority of these directors...

Obama and the "Elite Economic Consensus"
As Gordon Smith and Larry Ribstein have discussed, this week's NYT Magazine has an article from Jeffrey Rosen on the Supreme Court's pro-business tilt. The article brings an overlooked issue to the fore, and it's great to see both the article and the blogosphere commentary that is already developing...

Ribstein on Manne
Larry E. Ribstein (University of Illinois College of Law) has posted Henry Manne: Intellectual Entrepreneur on SSRN. Here is the abstract: This Chapter in the book Pioneers of Law and Economics discusses the remarkable career of Henry Manne...

More from Ribstein on the Future of Law & Economics
Larry Ribstein has another post on the future of law and economics. Here is a taste: [T]he future lies in collaboration between legal and economics scholars. Let me reiterate: the economists bring a lot to the table, but the lawyers...

Broughman on Independent Directors & VC-Backed Firms
Brian J. Broughman (University of California, Berkeley - School of Law) has posted The Role of Independent Directors in VC-Backed Firms on SSRN. Here is the abstract: This paper seeks to explain the widespread use of independent directors in the...