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The Failure of Corporate Law
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The Failure of Corporate Law: Fundamental Flaws and Progressive Possibilities

Kent Greenfield

Abstract

When used in conjunction with corporations, the term “public” is misleading. Anyone can purchase shares of stock, but public corporations themselves are uninhibited by a sense of societal obligation or strict public oversight. In fact, managers of most large firms are prohibited by law from taking into account the interests of the public in decision making, if doing so hurts shareholders. But this has not always been the case, as until the beginning of the twentieth century, public corporations were deemed to have important civic responsibilities. This book hopes to return corporate law to a s ... More

Keywords: public corporations, shareholders, corporate law, public interest, stakeholders, employees, corporate governance, common good, public law

Bibliographic Information

Print publication date: 2007 Print ISBN-13: 9780226306933
Published to Chicago Scholarship Online: March 2013 DOI:10.7208/chicago/9780226306988.001.0001

Authors

Affiliations are at time of print publication.

Kent Greenfield, author