“where does the evidence leave the prevailing short-term thesis? Far short of the mark, to say the least. It may be an article of faith, but it is not supported by the evidence.” https://t.co/3Ljoh9hSwe
— Stefan Padfield (@ProfPadfield) March 18, 2019
“Based on my knowledge of Bebchuk and Hamdani’s article, I raised sua sponte
whether their proposed [enhanced independence] legal framework should apply to this case, and I requested
supplemental briefing from the parties on that issue.” #corpgov https://t.co/os9eNbICCF— Stefan Padfield (@ProfPadfield) March 16, 2019
“circumstances in which the [UK’s] Salomon principle – that a corporation is a separate entity – will be disregarded”: “tort claims have a higher disregard rate than contract” https://t.co/JS8vo31bMC #corpgov
— Stefan Padfield (@ProfPadfield) March 15, 2019
“gender pay gap at treated firms shrank 7% …. entire effect comes from a reduction in the growth rate of male wages”; “Treated firms … experienced a significant 2.5% decline in productivity” https://t.co/UrGXde4E9B
— Stefan Padfield (@ProfPadfield) March 15, 2019
Vintage forgot “to send the extension notice. Oops! The next day Rent-A-Center terminated the merger agreement and sent Vintage a bill for $126.5 million. The [RAC] stock is up 47% since then, closing yesterday at $21.30 per share. Good job!” https://t.co/p8oo3bWHWT #corpgov
— Stefan Padfield (@ProfPadfield) March 15, 2019