“Rockefeller’s dog may receive the milk that a poor child needs to avoid rickets. Why? Because supply and demand are working badly? No. Because they are doing what they are designed to do, putting goods in the hands of those who can pay the most.” https://t.co/nRMqLxwtjq #corpgov
— Stefan Padfield (@ProfPadfield) January 9, 2018
“even though the recapitalization involved a pro rata dividend of stock to all stockholders, the difficult ‘entire fairness’ standard of judicial review applied because the transaction expressly provided a unique benefit to the controller” https://t.co/r4vz1QmCxC #corpgov
— Stefan Padfield (@ProfPadfield) January 9, 2018
“[A]n old banking boss of mine memorably observed, ‘it is easier to be brilliant than right.’ This universal principle applies as well to leading central bankers, regulators, and government officials of all kinds as it does to private actors.” https://t.co/Rhbvlvvsvv #corpgov
— Stefan Padfield (@ProfPadfield) January 10, 2018
“Choosing whether a public accommodation can deny service to customers to whom the owner objects … cannot be decided as a logical deduction from the abstract concept of freedom or religious liberty.” https://t.co/CS9bkUEOns #corpgov
— Stefan Padfield (@ProfPadfield) January 10, 2018
“we provide strong evidence that female CEOs are associated with boards of directors that are significantly different in structure from their male counterparts” https://t.co/mtU4gbPthI #corpgov
— Stefan Padfield (@ProfPadfield) January 10, 2018
“standardization, not heterogeneity, has pervaded the post–Rule 14a-11 private ordering of proxy access” https://t.co/gJ7h0UMVOT #corpgov
— Stefan Padfield (@ProfPadfield) January 13, 2018