Class 24: Majority Rule & Protecting Minority Interests
Unfortunately lectutre capture was unavailable today, and yet again I failed miserably at recording video off my MacBook. My apologies….yet again. But thanks to an intrepid class member there is audio of really good quality… Click on image below to get to the audio. Note that logistics start at 1:14 with the actual talk beginning […]
Would the fascist death cult in the back please pipe down so we can call the shareholder meeting to order? (Commentary on Apple sustainability/ shareholder value problem)
Apple, the company that makes those skinny overpriced laptops, has adopted certain corporate practices intended to forestall the Earth becoming an inhabitable wasteland. With apologies to Douglas Adams, this has made a few people very angry, and is regarded by them as a bad idea. The proposed resolution, requiring that Apple abandon sustainability initiatives […]
Will the last director turn off the light on their way out? (Commentary on Producer’s Pipelines & Brant)
“When we hang the last capitalist, another will appear to sell us the rope” – Variously attributed to Marx, Lenin, Stalin, and your annoying friend who reads too much Chomsky. One of the best features of Association Football/ Soccer, in my opinion, is that it has 17 clear rules, and that those allow for […]
Blog Activity 5.3: Section 33 – Say What?
This sounds a bit like a “let bygones be bygones” approach to a company’s ultra vires acts. The provision is basically saying that a company must not do anything that it is restricted from doing by its memorandum or articles, but that if the company does something that is restricted, that act will not be […]
Discussion Activity 4.4
I would say that the policy justification for this result is that the Court understands shareholders role as supervising management as an acting body in respect of the corporation’s interests rather than as individual shareholders in respect of their own ends. In this case, Hercules and Mr. Freed clearly indicated that their claim against […]
Discussion Activity 4.3
“Ambiguities of Corporate Personality” No, “X” could not do that because in those transactions he was operating as himself. As per Daimler, “the acts of a company’s directors, managers, secretary, and so forth, functioning within the scope of their authority, are the company’s acts.” In this instance, “X” was not functioning within the scope […]
Thoughts on Corporate Personhood
The way that I imagine corporate personhood in my head is as a call centre. I analogize corporate personality with call centres because they likewise act as a buffer between the owners and managers and the people being affected by the actions of the corporation. I worked at a large call centre throughout undergrad […]
Class 23: Exam Prep 101
Slides from today… jon
Class 22: The (Fiduciary) Obligations of Corporate Management #3
Today’s video and slides… jon
7.2 Is Apple Cooked?
In practical terms, we know that shareholder dissatisfaction with management in a publicly traded company is most often registered through withdrawal, at least where there is a market to sell shares. On a practical level, Cook isn’t suggesting anything unusual when he tells dissenting shareholders to sell their stock if they don’t like what he’s […]
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