By Cydney Posner Looking forward to Labor Day, you might be interested in this piece from the Washington Post, " Maximizing shareholder value: The goal that changed corporate America ." Using the iconic IBM as a vehicle, the article rekindles the debate about the primary purpose of corpora...| www.cooley.com
By Cydney Posner Folks at the Washington Post seems to be obsessing about the adverse effects of the concept of maximizing shareholder value. Following on its long piece on the same topic from last week (see my article of 8/30/13 ), the Post now offers another long piece , this one from bus...| www.cooley.com
By Cydney Posner The debate about "shareholder value" and the role of shareholders in corporations continues. (See the July 2, 2012 and October 11, 2011 News Briefs for further background.) In this piece from the NYT, Down With Shareholder Value , Joe Nocera argues that, o...| www.cooley.com
By Cydney Posner Here is an interesting article from Pro Publica , "How Shareholders Are Hurting America," that questions the "bedrock principle" that companies "should be run for the sole purpose of increasing their stock prices, or returning ‘value' to shareholders, the ultimate ‘owners.'"&nbs...| www.cooley.com
As ESG backlash escalated this past year, companies have often felt caught between Scylla and Charybdis, struggling to navigate between the company’s commitment to ESG issues that the company belie…| Cooley PubCo
It’s not just Mickey Mouse that’s feeling the heat from anti-ESG efforts lately. Reuters reports that, so far this year, legislators have filed about 99 so-called “ESG backlash” bills compared wit…| Cooley PubCo
In a press release issued today, the Business Roundtable announced the adoption of a new Statement on the Purpose of a Corporation, signed by 181 well-known, high-powered CEOs. What’s newsworthy h…| Cooley PubCo
Laurence Fink, the Chair and CEO of BlackRock, has issued his annual letter to public companies, entitled A Sense of Purpose. As in prior years, Fink advocates enhanced shareholder engagement and …| Cooley PubCo
Are shareholders really the “owners” of corporations? Even though shareholders have no responsibilities to the corporations they “own”? Should corporations be managed for the sole purpose of maximi…| Cooley PubCo
by Cydney Posner Much has been written about the problems associated with the prevalence of short-term thinking in corporate America. As noted in a post from The Harvard Law School Forum on Corpor…| Cooley PubCo
by Cydney Posner According to “Companies’ Stock Buybacks Help Buoy the Market,” by Dan Strumpf, published in the WSJ on September 15, 2014, “[c]ompanies are buying their own shares at the bri…| Cooley PubCo
