Showing results for: “digital markets act”
A New Defense of the Per Se Prohibition Against RPM?
Professor Sokol points to this paper by Ittai Paldor (an SJD student at U. Toronto) which Sokol points out qualifies as the rarely observed defense of the per se rule against RPM. Here’s an excerpt from the abstract: In the following I argue that legal policymakers’ current approach is economically justified. I show that all ... A New Defense of the Per Se Prohibition Against RPM?
Blog roll updates
I just updated our blog roll. It now contains a link to the always-excellent Organizations & Markets Blog (Peter Klein and Nicolai Foss), mentioned/linked to by several of us before. Also, Marc Hodak (of frequent and excellent commenting fame) seems to have a blog, Hodak Value, to which we’ve added a link. I look forward to reading more ... Blog roll updates
Dear Wal-Mart, Shareholders *own* the corporation.
Today’s WSJ had an article titled “Wal-Mart Apologizes to Groups That Were Focus of Surveillance,” which noted that Wal-Mart apologized for responding to large institutional shareholders as “threats.” Obviously Wal-Mart realized a bit too late that it was absurd, from an investor relations standpoint (and a corporate governance standpoint), to refer to the owners of ... Dear Wal-Mart, Shareholders *own* the corporation.
Another credit snob. Or is he just a snob?
Benjamin Barber (the author of the polemic, Jihad vs. McWorld) has an editorial in the LA Times today. Its title is: “Overselling capitalism: Why today’s markets are headed for disaster unless there is a shift in focus.” At first the editorial looks like a pretty standard entry in the growing line of comments suggesting we ... Another credit snob. Or is he just a snob?
One More on Leegin (and then I’ll shut up…promise!)
I was on Spring Break last week and was too tied up to do much blogging on Leegin, which I’ve been following pretty closely. Fortunately, Josh and Keith were on the ball with some great insights. I did eventually manage to do a little tea-leaf reading for the eSapience Center for Competition Policy (eCCP). eCCP ... One More on Leegin (and then I’ll shut up…promise!)
"Can you have angst without a soul?" – Delaware Vice Chancellor Leo Strine
As promised, I am reporting back from Tulane’s Corporate Law Institute qua “Who’s Who in the M&A World” gathering. Leo Strine did indeed query today: “can you have angst without a soul?” (He asked in response to the statement that initial bidders fear deal-jumpers when waiting out a go shop period.) Though the WSJ was ... "Can you have angst without a soul?" – Delaware Vice Chancellor Leo Strine
Annual Corporate Law Institute: "Everybody who is anybody is there."
I leave tomorrow for Tulane’s Annual Corporate Law Institute. This conference is viewed by many as the top annual deal conference, so I am expecting great things (this will be my first time attending the conference). Indeed, the speaker line-up is incredible. Chief of OMA at the SEC, Chief Justice of the Del. Supreme Court, Vice Chancellor ... Annual Corporate Law Institute: "Everybody who is anybody is there."
Some Preliminary Reactions to the Leegin Transcripts
Transcripts in Leegin are available here (HT: Antitrust Review where David Fischer points out some of the highlights of the oral argument). I may add some additional thoughts later after I read the whole thing again, but for now here are some first impressions: Breyer and Souter both had some interest comments on what to ... Some Preliminary Reactions to the Leegin Transcripts
Edifying Ourselves: Word-a-Day
I have a Word-a-Day calendar – each day of the calendar has its own page and its own vocabulary word. But I am visiting away from Richmond this semester, I am packing my Richmond house and moving to Tulane, I am buying a house, and I am selling my house. I am therefore very far ... Edifying Ourselves: Word-a-Day
Cass on Leegin
Ronald Cass, dean emeritus of Boston University Law School, argues in today’s WSJ that the Supreme Court should overrule Dr. Miles: The decision was a mistake that has plagued antitrust law and American business ever since. Manufacturers have no interest in suppressing price competition to help increase profits for retailers. A manufacturer with a meaningful ... Cass on Leegin
Tabarrok on the Credit Snobs
Marginal Revolution’s Alex Tabarrok has a good post responding to recent attacks on the extension of credit to poor borrowers (and in particular, this rant from Nouriel Roubini). Here is a taste: Roubini and others generating hysteria about defaults in the mortgage market are credit snobs – they think credit is something that only the ... Tabarrok on the Credit Snobs
Shareholder Proposal re: NO NEW stock options
DealBook reports that Goldman Sachs has included the following shareholder proposal from Evelyn Davis in its 2007 proxy statement: RESOLVED: “That the Board of Directors take the necessary steps so that NO future NEW stock options are awarded to ANYONE, nor that any current stock options are repriced or renewed (unless there was a contract ... Shareholder Proposal re: NO NEW stock options
