Open Access. Powered by Scholars. Published by Universities.®
- Keyword
Articles 1 - 7 of 7
Full-Text Articles in Law
The Madoff Scandal, Market Regulatory Failure And The Business Education Of Lawyers, Robert Rhee
The Madoff Scandal, Market Regulatory Failure And The Business Education Of Lawyers, Robert Rhee
Robert Rhee
This essay suggests that a deficiency in legal education is a contributing cause of the regulatory failure. The most scandalous malfeasance of this new era, the Madoff Ponzi scheme, evinces the failure of improperly trained lawyers and regulators. It also calls into question whether the prevailing regulatory philosophy of disclosure of disclosure is sufficient in a complex market. This essay answers an important question underlying these considerations: What can legal education do to better train business lawyers and regulators for a market that is becoming more complex? One answer, it suggests, is a simple one: law schools should teach a …
The Illegal-Settlements Myth, David Phillips
The Origins And Costs Of Short-Term Management, Kent Greenfield
The Origins And Costs Of Short-Term Management, Kent Greenfield
Kent Greenfield
Why is a fixation on the short term a problem for American businesses? One might hasten to answer that management is compensated for short-term successes. Another answer might be that some investors—particularly professional investors—value only the short term and manipulate the market in a particular stock so they can profit on the movement. These answers undoubtedly are part of the answer. But a puzzle remains: why does the market not punish such short-termism? This essay will present a possible answer.
The Supreme Court, Empathy, And The Science Of Decision Making, Kent Greenfield
The Supreme Court, Empathy, And The Science Of Decision Making, Kent Greenfield
Kent Greenfield
No abstract provided.
Of Big And Small Tents: Arlen Specter As A Dem, And The Obama Storm At Notre Dame, Kent Greenfield
Of Big And Small Tents: Arlen Specter As A Dem, And The Obama Storm At Notre Dame, Kent Greenfield
Kent Greenfield
No abstract provided.
The Challenge To Delaware's Preeminence In Corporate Law, Lawrence Hamermesh
The Challenge To Delaware's Preeminence In Corporate Law, Lawrence Hamermesh
Lawrence A. Hamermesh
This short essay suggests that the focus on federal-state jurisdictional conflict over regulation of corporate governance in the U.S. is misplaced, and that declining levels of IPO's in the U.S. should be a concern shared by lawmakers at both state and federal levels. Those who reflexively advocate inflexible federal governance rules of wide application -- as opposed to regulatory reforms aimed carefully at unboundedly risky financial practices -- should prevail only upon a clear understanding that the potential benefits of such governance rules outweigh the risks associated with them.
Rationalizing Appraisal Standards In Compulsory Buyouts, Lawrence Hamermesh, Michael Wachter
Rationalizing Appraisal Standards In Compulsory Buyouts, Lawrence Hamermesh, Michael Wachter
Lawrence A. Hamermesh
This Article makes several contributions to the literature on Delaware appraisal law. We first argue that the "going concern value" standard adopted by the Delaware courts as the measure of "fair value" in share valuation proceedings is superior to its two main competitors, market value and third-party sale value, on grounds of both fairness and efficiency. Application of the going concern value standard has two important consequences. First, it is critical that going concern value be measured in a way that includes not only the present value of the existing assets of the corporation, but also the present value of …