Tag Archives: Corporate structure

Disgorge the Cash

Disgorge the Cash
The problem finance solves is not how to allocate society’s scarce savings between competing investment opportunities. The problem is how to separate the rents that come from control of a strategic social coordination problem from the social ties and obligations that go with it. True capitalists don’t want to make steel or ... Read more

A New King Of Corporate Charter For Public Benefit

A New King Of Corporate Charter For Public Benefit
Historically, Delaware’s courts have used their influence to declare, over and over, that a corporation’s sacred duty is to maximize profit for its shareholders — everyone else, including workers and customers, be damned. If a corporation deliberately took a hit to profits, no matter how noble the cause, shareholders could ... Read more