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Preview Thursday: Benefit Corporation Law and Governance: Pursuing Profit with Purpose

Lead Change Blog

I spent almost 30 years as a lawyer in private practice, advising business leaders on Delaware corporate law issues – addressing matters like preferred stock financings, IPOs, mergers, hostile takeovers, proxy contests, corporate governance and fiduciary issues. How could we expect that to turn out well?

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What We Can Learn About Unity from Hostile Takeovers

Harvard Business Review

Power transfers can be fraught. But there is a path forward.

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Management Styles

Strategy Driven

Others like Rockefeller, Carnegie and Ford channeled their wealth and power into giving back to the communities. That’s my concern that financial-only focus without regard to other corporate dynamics bespeaks of hostile takeovers, ill-advised rollups and corporate raider activity in search of acquiring existing books of business.

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The Big Picture of Business – Corporate Cultures Reflect Business Progress and Growth.

Strategy Driven

Others like Rockefeller, Carnegie and Ford channeled their wealth and power into giving back to the communities. That’s my concern that financial-only focus without regard to other corporate dynamics bespeaks of hostile takeovers, ill-advised rollups and corporate raider activity in search of acquiring existing books of business.

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How Business Schools Can Help Reduce Inequality

Harvard Business Review

Without a large and growing middle class, Americans won’t have the purchasing power to keep U.S. But starting in the late 1970s, a new vision of the corporation and the role of CEOs emerged – prodded by corporate “raiders,” hostile takeovers, junk bonds, and leveraged buyouts.

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What's Lost When Shareholders Rule

Harvard Business Review

It features dispersed shareholders with powers to elect directors and remove them with or without cause, large stock markets, active markets for corporate control , a good legal system, strong investor protection, a rigorous anti-trust authority — the list goes on. — shareholder power makes true commitment extremely difficult.