[With apologies to Charlton Heston and Marlo Thomas, who remembers?]
Who'da thunk that an arcane and obscure debate over the legal nature of corporate entities would blossom into a full-on dispute raging in the pages of national newspapers and the presidential campaign? This fight does matter to activist investors. It sheds light on who owns public companies, and the rights of these owners relative to company directors. We bring together Mitt Romney, Elizabeth Warren, Jack (and Suzy!) Welch, and a prominent conservative law professor, along with Charlton and Marlo, in a current blog post. |