1.

Record Nr.

UNINA9910782451303321

Autore

Greenfield Kent

Titolo

The failure of corporate law [[electronic resource] ] : fundamental flaws and progressive possibilities / / Kent Greenfield

Pubbl/distr/stampa

Chicago, : University of Chicago Press, 2006

ISBN

1-281-95697-X

9786611956974

0-226-30698-4

Descrizione fisica

1 online resource (301 p.)

Disciplina

346.73/066

Soggetti

Corporation law - United States

Corporate governance - United States

Industrial management - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

September 11 and corporate law -- Corporate law as public law -- Workers, shareholders, and the purpose of corporations -- Corporations and the duty to obey the law -- Democracy and the dominance of Delaware -- New principles, new policies -- Corporate governance as a public policy tool -- Workers and corporate fraud -- Irrationality and the business judgment rule.

Sommario/riassunto

When used in conjunction with corporations, the term "public" is misleading. Anyone can purchase shares of stock, but public corporations themselves are uninhibited by a sense of societal obligation or strict public oversight. In fact, managers of most large firms are prohibited by law from taking into account the interests of the public in decision making, if doing so hurts shareholders. But this has not always been the case, as until the beginning of the twentieth century, public corporations were deemed to have important civic responsibilities. With The Failure of Corporate Law, Kent Greenf