Showing archive for: “Corporate Governance”
Radiohead revisited
I started writing this as a comment to Josh’s last post, but it got so long I figured I’d make a post out of it. Thanks for the inspiraiton, Josh. I really hope Radiohead releases the data on its little experiment! My prediction: They will receive an average price of $2 and a median price ... Radiohead revisited
An Online Experiment in Voluntary Pricing
I’ve previously discussed the voluntary pricing strategy taken by restaurants and cafes in a handful of states to offer food and drink for free and allow customers to decide whether and how much they would pay.  I was rather skeptical about the profitability of this strategy in the retail setting. But it looks like we ... An Online Experiment in Voluntary Pricing
The Elusive Profitability of Voluntary Pricing
WSJ has a fascinating story this morning about a group of restaurants in Utah, Washington, Colorado and other places adopting a completely voluntary pricing system. No registers. No prices. No “suggested” prices and no tips. The business model is essentially to provide food and allow customers to put whatever they want in a lock box ... The Elusive Profitability of Voluntary Pricing
Dilbert on Stockholder Meetings
See here. At least they bothered to show up at the meeting.
Zywicki on the Two-Income Trap Hypothesis
My colleague Todd Zywicki offers an empirical rebuttal to the Warren-Tyagi “Two Income Trap” hypothesis which asserts that families with two incomes end up more leveraged than families with single incomes and more susceptible to negative economic shocks than otherwise for a number of reasons, including, e.g. counterproductive bidding for housing, child care expenses, etc. ... Zywicki on the Two-Income Trap Hypothesis
Read Marc Hodak
His short post is here. The theme is, in essence, Bastiat’s “What is Seen and What is Not Seen.” Government (and, oh, I don’t know . . . antitrust regulators in particular) thrive on the unseen–as Marc puts it, on the unfortunate reality that “invisible opportunity costs stay[] that way.” As I argued at some ... Read Marc Hodak
Junk Social Science in the Medical Bankruptcy Debate
My GMU colleague Todd Zywicki and Gail Heriot (USD) have an op-ed in the Washington Times exposing Harvard Professors David Himmelstein and Elizabeth Warren’s study on medical debt and bankruptcy, presented to Congress earlier this week, as “one of the most misleading pieces of research ever placed before Congress — no small dishonor.” The punchline ... Junk Social Science in the Medical Bankruptcy Debate
Professor Trey Drury & Personal Liability for Directors
The Glom’s Junior Scholars Workshop, on Location, at TOTM.com: For the Conglomerate’s Annual Junior Scholars Workshop, I agreed to comment on a paper by Loyola University Professor Trey Drury that revisits director liability-limiting opt-in statutes such as DGCL Section 102(b)(7). The title of the paper is “What’s the Cost of a Free Pass? A Call ... Professor Trey Drury & Personal Liability for Directors
My Take on Credit Suisse . . .
is here, over at eCCP, and differs somewhat from Thom’s. The takeway excerpt is: Credit Suisse has important implications for antitrust practice. The decision’s effect is to narrow the scope of antitrust law and to invite efforts by regulated industries to narrow it still further. The court’s “clearly incompatible†standard is new and (though it ... My Take on Credit Suisse . . .
The only thing good about the movie, The Corporation
Frankly, I thought the movie, The Corporation, was unabashedly abysmal. It was a childish caricature, exhibiting no understanding by the filmmakers (or most of the interviewees) of the law, economics, or nature of corporations—to say nothing of capitalism. The movie is unsophisticated, anti-capitalist tripe. See Seth Weinberger’s review of the movie from the journal Political Communication ... The only thing good about the movie, The Corporation
Slopping Wordsmithing by the WSJ or Bad Corporate Governance?
As we know, News Corp. has made a bid for Dow Jone, offering $60/sh for the outstanding Dow Jones stock.  The Bancroft family, however, who controls at least a majority of the Dow Jones voting stock, has indicated clearly that it will not vote in favor of this offer, such that the offer, as it currently ... Slopping Wordsmithing by the WSJ or Bad Corporate Governance?
Professor Bainbridge's Complete Guide to Sarbanes-Oxley
Is available here. Here is the description: Congress passed the Sarbanes-Oxley Act in response to major corporate and accounting scandals–and many consider the act to be the most significant change in corporate governance and securities regulations in the past seventy years. SOX requirements have brought about far-reaching changes for public corporations, private corporations, and nonprofits. ... Professor Bainbridge's Complete Guide to Sarbanes-Oxley
