“As California goes, so goes the nation? The impact of board gender quotas on firm performance and the director labor market” https://t.co/l8DVDKhb6M #corpgov ht @ProfBainbridge
— Stefan Padfield (@ProfPadfield) December 20, 2018
“The underlying theory (O’Brien and Salop (2000)) predicts that common ownership can be anticompetitive because it changes the objective function of firms, such that they no longer seek to simply maximize their own profits.” #corpgov https://t.co/Kvk1Ii6nVm
— Stefan Padfield (@ProfPadfield) December 21, 2018
In Dell and DFC Global “the Court insisted that it did nothing more than apply ‘established principles of corporate finance.’ Yet in analyzing the financial ideas and concepts at play, the Court made four critical mistakes.” https://t.co/p9zpFzXxdV #corpgov
— Stefan Padfield (@ProfPadfield) December 21, 2018
Hon. Leo Strine: Vanguard, State Street, and Fidelity “have a fiduciary blind spot: they let corporate management spend the Worker Investors’ entrusted capital for political purposes without constraint.” https://t.co/YeU00v63ty #corpgov
— Stefan Padfield (@ProfPadfield) December 21, 2018
“‘It looks like a real rebuke for folks who said, ‘We’ll boycott Nike,” Michigan business prof. Jerry Davis told ABC….. ‘The demo that is willing to spend $200 on Nike sneakers is not the demo that’s going to boycott them b/c of Kaepernick.'” https://t.co/Rj7K9lK8pl #corpgov
— Stefan Padfield (@ProfPadfield) December 23, 2018
“Why Wall Street is freaking out and economists aren’t”; “Goldman Sachs economists peg the chance of a recession in 2019 at just 10%. ‘We expect the current US expansion will continue for the next several years'” https://t.co/InxWjJw2zR #corpgov
— Stefan Padfield (@ProfPadfield) December 23, 2018