How much & what kind of information regarding projected backlash losses did Nike need to review in order to satisfy its duty of care to shareholders here? “Nike Loses $3.75 Billion in Market Cap After Colin Kaepernick Named Face of ‘Just Do It'” https://t.co/UIuZanOUon #corpgov
— Stefan Padfield (@ProfPadfield) September 6, 2018
DOJ “listened ‘closely’ to the morning’s testimony…. a meeting on Sept. 25 with state attorneys general ‘to discuss a growing concern that these companies may be hurting competition and intentionally stifling the free exchange of ideas'” https://t.co/wLCOWaIbYh #corpgov
— Stefan Padfield (@ProfPadfield) September 6, 2018
“In the late 1980s and 1990s …. Driven by a clamor for ‘shareholder democracy’ … the U.S. government implemented regulatory changes that set the stage for hedge-fund activism” #corpgov https://t.co/zBMyelhIIn
— Stefan Padfield (@ProfPadfield) September 6, 2018
Jonathan Macey & Leo Strine: “We base our argument that corporations are separate and distinct legal entities and that they are not ‘associations of citizens’ as Citizens United asserts on three facts about the corporate form” https://t.co/ZLDByaVhWV #corpgov
— Stefan Padfield (@ProfPadfield) September 7, 2018
“Under Hobby Lobby, the answer to who is causing the harm is neither a corporation nor an individual, but rather an individual granted the powers and privileges afforded corporations under state law.” https://t.co/c3JIZpigsS #corpgov
— Stefan Padfield (@ProfPadfield) September 7, 2018
It was a busy second half of the week. More after the break:
“Exploring the question of contracting for corporate religion forces a re-examination of not just the exercise of religion, but also the rationale behind corporate law’s widespread support for private ordering.” https://t.co/GW6Xykxmsg #corpgov
— Stefan Padfield (@ProfPadfield) September 7, 2018
“Although there is a range of different regimes …, the literature on comparative CG focuses on two: the shareholder-oriented model (prevailing in Anglo-Saxon countries) and the stakeholder-oriented model (prevailing in Germany, Japan, and continental Europe).” #corpgov https://t.co/1nNKW0Ee2L
— Stefan Padfield (@ProfPadfield) September 7, 2018
“U.S. adds more jobs than forecast in August as wage growth surges” https://t.co/QQEMEdG6Dh #corpgov
— Stefan Padfield (@ProfPadfield) September 7, 2018
“The economists who presided over the historically slow wage growth of the Obama years have been arguing that the Trump-era economic growth spurt is no big deal because wages after inflation aren’t rising.” https://t.co/FfavjGOzBM #corpgov
— Stefan Padfield (@ProfPadfield) September 8, 2018