Showing results for: “digital markets act”
Incentive compensation for asset managers
I’ve argued, e.g., in Rise of the Uncorporation, that a reason why the uncorporation beats the corporation for some types of firms is the high-powered incentives these firms offer their managers. Sometimes the incentives may not be obvious because percentages, e.g., for “carried interest,” seem not to vary much across firms. But that can be ... Incentive compensation for asset managers
Jurisdictional choice for securities regulation
We usually think about jurisdictional choice for corporate law as applying to state business association laws, not the federal securities laws. But this distinction has never been clear given global securities markets, and it’s less true now than it used to be. The WSJ discusses the securities bar’s and regulators’ lamentations over last summer’s Morrison ... Jurisdictional choice for securities regulation
Representative Michael N. Castle
I write to express opinion about Mike Castle. I do not post to express an opinion about Christine O’Donnell, the Tea Party, the national election, or the Democratic nominee Commissioner Coons. I don’t have a dog in that fight, except to say that I hope for the best for Delaware. I merely post to express ... Representative Michael N. Castle
Single member LLCs and Olmstead
Steve Bainbridge has a post on this Florida Supreme Court case, which has started a major debate on revising the LLC charging order remedy. This might sound a bit arcane, but it actually has significant consequences for the use of LLCs as an asset protection device. For the full LLC background, see my earlier post and ... Single member LLCs and Olmstead
Beer v. Pot, Public Choice Edition
The political economy of alcohol regulation has always been fascinating. But things took an interesting turn of late (HT: Marginal Revolution) when a beer industry trade group took a stand against a proposition that would legalize marijuana in California: The California Beer & Beverage Distributors is spending money in the state to oppose a marijuana ... Beer v. Pot, Public Choice Edition
Who caused the subprime bubble?
Mian, Sufi, and Trebbi have and answer in The Political Economy of the Subprime Mortgage Credit Expansion: the government, mortgage lenders and mortgage borrowers. Here’s the abstract: We examine how special interests, measured by campaign contributions from the mortgage industry, and constituent interests, measured by the share of subprime borrowers in a congressional district, may have ... Who caused the subprime bubble?
Obama Throws Gay People Under the Bus (Again).
Please do not miss this, folks. The President of the United States has now ordered his Department of Justice to fight a group of Republicans who secured a court ruling that the “Don’t Ask, Don’t Tell” policy is unconstitutional and are trying to have it enjoined. This from a man who promised during his campaign ... Obama Throws Gay People Under the Bus (Again).
Money Never Sleeps (but audiences might)
Ok, so I went and saw the movie, thanks to my entrepreneurial colleague Christine Hurt, who already has a post up. Read this post for the basics. I plan to follow up with a much longer analysis when I get the time. Here’s some stuff that should suffice for now. First, the movie stinks. It’s ... Money Never Sleeps (but audiences might)
Illinois Corporate Colloquium: Krawiec on Narratives of Corporate Board Diversity
Each fall I invite leading corporate scholars to present and discuss their recent work to faculty and students in the Illinois Corporate Colloquium. I plan to discuss these papers here on TOTM. This semester we started with Kim Krawiec (Duke) and her paper (with Lissa Broome and John Conley), Dangerous Categories: Narratives of Corporate Board ... Illinois Corporate Colloquium: Krawiec on Narratives of Corporate Board Diversity
Elgar Companion to Transaction Cost Economics
Peter Klein (over at Organizations and Markets) and I recently edited a volume for the Elgar Companion series titled The Elgar Companion to Transaction Cost Economics. At long last, the volume will be available in the US in November, 2010; in plenty of time for spring semester classes that might want to incorporate some or ... Elgar Companion to Transaction Cost Economics
The SEC takes heat over the Goldman suit
Per the WSJ, the SEC’s internal watchdog told the Senate Banking Committee that the SEC’s suit against Goldman was a “suspicious” attempt to “to distract attention from a report criticizing the SEC for failing to detect an alleged Ponzi scheme.” It’s not like I’m surprised. Here’s my criticism of the suit and the settlement. The only ... The SEC takes heat over the Goldman suit
Antitrust and Congress
Last Thursday and Friday, I attended a conference at Case Western Law School on the Roberts Court’s business law decisions. I presented a paper on the Court’s antitrust decisions. (The paper, described here, is now available on SSRN.) Adam Pritchard, Matt Bodie, and Brian Fitzpatrick presented papers considering the Court’s treatment of, respectively, securities law, ... Antitrust and Congress
