“considering collateral benefits to 3d parties violates the ‘sole interest’ rule under US trust fiduciary law”; “theory that companies w/ high ESG scores will be perpetually undervalued runs contrary to everything we know about capital markets” https://t.co/CGG5nxZ0lg #corpgov
— Stefan Padfield (@ProfPadfield) December 10, 2018
“Economics cannot theorize correctly about the firm until it absorbs the reality of the corporate form that dominates business.” https://t.co/AUc6j3KTwJ #corpgov
— Stefan Padfield (@ProfPadfield) December 10, 2018
“Tax experts predict all manner of distortion & gaming…. many worry that the provision creates strong incentives for workers to shift from employee to independent contractor status…. abandoning crucial worker protections & increasing employment instability” #corpgov https://t.co/mcfOUqWcMS
— Stefan Padfield (@ProfPadfield) December 10, 2018
“This graph shows 90% of political donations from big tech workers went to the Democrats, with Googlers leading the charge” https://t.co/1eRoJQKgFp #corpgov
— Stefan Padfield (@ProfPadfield) December 11, 2018
When companies go political: “the consensus on Target’s bathroom announcement [was that] ‘Over the long term, this blows over’ …. Except that it hasn’t.” https://t.co/w8PTBv1SPf #corpgov
— Stefan Padfield (@ProfPadfield) December 12, 2018
“defining conflicts of interest in terms of their threat to good judgment” https://t.co/KpILo8YMaw #corpgov
— Stefan Padfield (@ProfPadfield) December 12, 2018