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- W148219636 abstract "Successful corporations create extraordinary wealth. The longstanding question is how this wealth should be distributed. The conventional answer has been shareholder primacy. Most stakeholders, such as customers, suppliers, creditors, and employees, must negotiate their portion ex ante, but everything left over, the residual interest, belongs to the corporation’s shareholders. The progressive answer is that wealth should be distributed fairly to all stakeholders, and that corporations have a social responsibility that goes beyond the mere maximization of shareholder wealth. This essay reviews Kent Greenfield's book, The Failure of Corporate Law: Fundamental Flaws and Progressive Possibilities, that develops and extends the arguments for a broader stakeholder approach." @default.
- W148219636 created "2016-06-24" @default.
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- W148219636 date "2009-04-21" @default.
- W148219636 modified "2023-09-23" @default.
- W148219636 title "Has Corporate Law Failed? Addressing Proposals for Reform" @default.
- W148219636 hasPublicationYear "2009" @default.
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