The Archives

Everything written by Bill Sjostrom on law, economics, and more

Darian Ibrahim Joins Us as Guest Blogger

Darian Ibrahim will be guest blogging here for the next couple of weeks. Darian is an Associate Professor of Law at the University of Arizona Rogers College of Law where he teaches Business Organizations, Law & Entrepreneurship, Securities Regulation, and Contracts. He presented his latest paper, Fiduciary Duties, Individual or Collective Liability for Directors, and ... Darian Ibrahim Joins Us as Guest Blogger

AALS Disney Panel Podcast

Podcasts from this year’s AALS conference are now available. Click here for the Business Associations panel on the Disney case. Recall that Justice Jacobs from the Delaware Supreme Court (author of the Delaware Supreme Court opinion in the case) participated in addition to many heavy-hitting corporate law academics (see below). Here’s the blurb from the ... AALS Disney Panel Podcast

New Paper on Majority Voting for the Election of Directors

A draft of my new paper entitled Majority Voting for the Election of Directors is now up on SSRN. I co-authored the piece with Young Kim, a finance professor at Northern Kentucky, so it has an empirical component. Here’s the abstract: We explore the theory, law, and practice of the shift from a plurality voting ... New Paper on Majority Voting for the Election of Directors

New proposed accredited investor definition specifically for hedge funds

A post on DealBook pointed me to a recent SEC release I missed over the holidays. The proposed rules contained in the release “are designed to provide additional investor protections” with respect to hedge funds. The proposed rules include amendments to Regulation D that change the definition of accredited investor to be applied to a ... New proposed accredited investor definition specifically for hedge funds

GO BEARS!!!!

I may live in Cincinnati now, but I grew up in Rockford, Illinois with a poster of Walter Payton on my bedroom wall. Go Bears!!!!!!!!!!!!!

Majority Voting Trial Balloon

One of the purported advantages of blogging is it allows a blogger to float a “trial balloon†relating to traditional scholarship he/she has in the works. Readers then comment on the balloon which leads to an improved piece. So here’s my trial balloon: I’ve been working on a piece about majority voting for the election ... Majority Voting Trial Balloon

SSRN Top Tens for Corporate, Corporate Governance, and Securities Law

The current SSRN top tens for corporate, corporate governance, and securities law are after the jump.

Blogger Non-Competes?

Per the “Out of the Jungle” blog: Maybe it just goes to illustrate what a babe in the woods I am, or maybe it’s that the stuff I blog is not worth much… But evidently, bloggers on the Paul Caron blog empire are requested to sign a non-compete clause, promising that they will not blog ... Blogger Non-Competes?

SSRN Top Tens for Corporate, Corporate Governance, and Securities Law

The current SSRN top tens for corporate, corporate governance, and securities law are after the jump.

WaPo on stock options

WaPo provided its two cents on option backdating in an editorial appearing yesterday (see here). Its solution is to rein in the use of stock options, perhaps through regulation, and instead go with restricted stock. The reason: “options are opaque” and therefore “invite abuse.” Well that’s certainly a convincing argument for stripping corporations of a ... WaPo on stock options

No More 10-Qs?

According to the Financial Times (via CFO.com), the Big Four accounting firms will recommend in a joint paper to be released tomorrow that the current system of quarterly reports be scrapped for “real-time, internet based reporting encompassing a wider range of performance measures.” It will be interesting to see what exactly they have in mind. ... No More 10-Qs?

The Grasso Case and Board Reverberations

The Law Blog asks “Will the Grasso Ruling Reverberate in Corporate Boardrooms?†The post includes the following quotes from some “executive pay gurus†via Business Week: • H. Rodgin Cohen, Sullivan & Cromwell: “The precedent-setting issue here: a CEO’s duty to inform the board fully about his or her pay and the board’s duty to ... The Grasso Case and Board Reverberations