Showing results for: “digital markets act”
The Case Against Mandatory Annual Director Elections and Shareholders’ Meetings
I’ve recently posted on SSRN my latest draft article entitled The Case Against Mandatory Annual Director Elections and Shareholders’ Meetings. Here’s the abstract: The article examines the mandatory requirement under state corporate law and stock exchange listing standards that public corporations hold annual shareholders’ meetings for the election of directors. Specifically, I question the value ... The Case Against Mandatory Annual Director Elections and Shareholders’ Meetings
Do Positive Externalities Always Justify Government Subsidies? Some Insights From the Austrians and Public Choice
The folks over at Lawyers, Gun$, and Money are chiding me for ignoring (or, as they say, never having heard of) positive externalities. A couple of days ago, I criticized a NYT editorial calling for the federal government to “throw its weight behind” private efforts to develop alternative fuels. My main point was that the ... Do Positive Externalities Always Justify Government Subsidies? Some Insights From the Austrians and Public Choice
Henry Manne on Behavioral Finance & Insider Trading
When Henry Manne writes about insider trading, as he does this week in the WSJ op-ed, one can be sure that it is worth reading. The op-ed, which is the first installment of a two part series, offers two central points: (1) the behavioral finance literature does not support the regulation of insider trading, but ... Henry Manne on Behavioral Finance & Insider Trading
Explaining Enron to kids
The current edition of BusinessWeek has a humorous article (see here) on how to explain Enron to kids. Here’s an excerpt from one suggestion: Once upon a time in the land of Enron, there was a king named Ken — well, actually, he wasn’t a king, but he thought he was. He had a friend, ... Explaining Enron to kids
Alternative Fuels: Let Markets, Not Government, Decide.
It’s a strange day when the New York Times advocates corporate tax breaks. It’s an even stranger day when I dissent from that recommendation. Well, today must be a strange day indeed, for they did, and I must. The upshot of today’s editorial, Let Them Go Green, is that the federal government should “throw its ... Alternative Fuels: Let Markets, Not Government, Decide.
Option Backdating and Disney
As I’m sure you’ve heard by now, the Delaware Supreme Court finally issued its opinion in Disney. See this post at the glom for commentary by Gordon Smith and a collection of links to discussion on other blogs. As for option backdating, I think directors on compensation committees of companies embroiled in the backdating scandal ... Option Backdating and Disney
Do Any (Other) Law Schools Have A Dominant Paradigm?
An exchange between Ethan Leib at Prawfsblawg and Kate Litvak in the comments to Ethan’s very interesting post on political science in the academy raises some interesting questions about the status of law and economics in the legal academy. Ethan kicks off the exchange by noting that: “[Y]ou’d have to be blind to ignore that ... Do Any (Other) Law Schools Have A Dominant Paradigm?
Some Thoughts on Tradeable Gasoline Rights
Marty Feldstein has an interesting idea about how to reduce America’s oil consumption, but I’m not quite ready to sign on. In an op-ed in yesterday’s WSJ, Feldstein proposed a “cap and trade� system for gasoline. Under the proposed system, the government would set a limit on the amount of gasoline Americans could purchase annually ... Some Thoughts on Tradeable Gasoline Rights
Miami Heat in 7
That’s my prediction for the NBA Finals. The betting markets and Vegas have Dallas favored, as do most pundits. The series has a ton of interesting matchups. A classic battle of styles: the Mav’s speed against Miami’s inside out attack. Why pick the Heat? In a game of two very contrasting styles, I refuse to ... Miami Heat in 7
Buy or Die
AEI is hosting an event focusing on the problems of the nation’s shortage of vital organs. The website has links to the papers. The event agenda includes my friend and colleague Lloyd Cohen, who has done a good deal of work in this area (including this). Here’s the event description: The nation’s system for procuring ... Buy or Die
Vonage Class Action in the Works
The New York Post is reporting (see here) that a law firm is trying to put together a class action of those who purchased shares in Vonage’s IPO through its directed share program. As discussed here and here, the marketing of the program ran afoul of some technical SEC requirements.
The Conglomerate Enron Forum
The Conglomerate Enron Forum is up and running with a handful (yes, 1, 2, 3, 4, and 5!) of posts from Larry Ribstein, as well as entries from Bill Bratton, Ellen Podgor, Don Langevoort, Victor Fleischer, Nancy Rapoport, and Matt Bodie. The lineup also includes John Coffee, Thomas Joo, Vic Khanna, and of course, the ... The Conglomerate Enron Forum
