When CEOs Play Politics, Shareholders CanNOT Take Them to Court

In which I respond to a rather silly op-ed in today's WSJ:

Ever hear of the business judgment rule? https://t.co/7EOyw3b7C5 pic.twitter.com/rxPihnvWqO

— Professor Bainbridge (@ProfBainbridge) August 18, 2017

For more on this topic, see my earlier posts:

Regulation is probably not why CEOs are becoming social justice warriors

James Roberts argues that it's all about over-regulation: In the last few years, private companies have embraced the progressive principles of “corporate social responsibility” and joined “public-private partnerships” with various gov...

 

Can Tim Cook Ignore ROI When Deciding How to Design an iPhone?

Haskell Murray: Recently, Apple CEO and director, Tim Cook, discussed the company’s commitment to the environment, the blind, and making the world a better place. Cook supposedly told investors: If you want me to do things only for ...

Continue reading "Can Tim Cook Ignore ROI When Deciding How to Design an iPhone?" »

Can shareholders sue Google over its decision to refuse payday loan ads? CSR in court.

The titular question is prompted by a Twitter exchange this morning: @tedfrank @RyanRadia @ProfBainbridge Might Google shareholders have a derivative action under Delaware law? — tedfrank (@tedfrank) May 12, 2016 @ProfBainbr...

James Roberts argues that it's all about over-regulation: In the last few years, private companies have embraced the progressive principles of “corporate social responsibility” and joined “public-private partnerships” with various gov...

Haskell Murray: Recently, Apple CEO and director, Tim Cook, discussed the company’s commitment to the environment, the blind, and making the world a better place. Cook supposedly told investors: If you want me to do things only for ...

The titular question is prompted by a Twitter exchange this morning: @tedfrank @RyanRadia @ProfBainbridge Might Google shareholders have a derivative action under Delaware law? — tedfrank (@tedfrank) May 12, 2016 @ProfBainbr...