We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
FILLING A NONEXISTENT GAP: BENEFIT CORPORATIONS AND THE MYTH OF SHAREHOLDER WEALTH MAXIMIZATION.
- Authors
CHU, JESSICA
- Abstract
The article focuses on the benefit corporation statutes which eternalize and fortify the concept of shareholder wealth maximization. It discusses the three variables of the U.S. corporate law including corporate history, state corporate codes and statues, and state case law which highlights that shareholder wealth maximization is misguided. It discusses in the Michigan Supreme Court case of Dodge v. Ford Motor Co., a notion that corporations must have a profit-maximizing role and should boost the financial gain of shareholders. It informs that the U.S. corporate law in context to benefit corporations has dual affect as the law benefits corporations by providing entrepreneurs to differentiate businesses and simultaneously block corporate reform.
- Subjects
UNITED States; BENEFIT corporations (Business structure); STOCKHOLDER wealth; CORPORATION law; CORPORATE history; BUSINESS ethics; JUDGE-made law; MICHIGAN. Supreme Court; FORD Motor Co.; CORPORATE reform; BUSINESSPEOPLE; ACTIONS &; defenses (Law)
- Publication
Southern California Interdisciplinary Law Journal, 2012, Vol 22, Issue 1, p155
- ISSN
1077-0704
- Publication type
Article