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ICYMI: #corpgov Midweek Roundup (May 15, 2019)

By Stefan J. Padfield on May 15, 2019

“A two-time Pulitzer Prize-winning journalist takes us inside the world revealed by the Panama Papers …. and raises critical questions about financial and legal institutions we may once have trusted.” https://t.co/PEp8rxvxvC #corpgov

— Stefan Padfield (@ProfPadfield) May 11, 2019

“Uber’s bankers netted at least $100 million in fees from underwriting the deal, based on the 1.3 percent fee charged for managing the offering. It’s unclear at this time how much they were able to generate from the naked short.” https://t.co/C8H6UIKrLV #corpgov

— Stefan Padfield (@ProfPadfield) May 14, 2019

“‘The important takeaway is that a retail monopolist cannot escape antitrust liability … by choosing to adopt an agency business model …’ Stutz added … ‘Particularly in an era of powerful internet platforms, this is a win for common sense.'” https://t.co/V5J0uV5vbl #corpgov

— Stefan Padfield (@ProfPadfield) May 14, 2019

“1Malaysia Development Berhad (1MDB) was a Malaysian government owned and controlled investment fund …. it has been referred to as ‘kleptocracy at its worst’ and potentially ‘one of the greatest financial heists in history,’ with possibly more than $10 billion looted.” https://t.co/vajXp9cT1D

— Stefan Padfield (@ProfPadfield) May 14, 2019

“an alternate account of federalism …. emphasizes … dual sovereignty as a form of centralization … where authority was … concentrated in the hands of only two legitimate sovereigns …. to subordinate competing claims … made by corporations” 128 Yale L.J. 1792 #corpgov

— Stefan Padfield (@ProfPadfield) May 13, 2019

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Photo of Stefan J. Padfield Stefan J. Padfield

Director of the NCPPR’s Free Enterprise Project. Prior experience includes 15+ years as a law professor, two federal judicial clerkships, private practice at Cravath, Swaine & Moore, LLP, and 6 years enlisted active duty (US Army). Immigrant (naturalized).

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