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  • 17 May 2004
  • Research & Ideas

Why We Don’t Study Corporate Responsibility

our working definition to get the discussion and debate going would be: The purpose of the corporation is to produce and deliver goods and services in a manner that creates value for members of society. Q: Your paper quotes William Allen, former Chancellor of the View Details
Keywords: by Manda Salls
  • 23 Feb 2011
  • First Look

First Look: Feb. 23

a battle in a Delaware courtroom. Purchase this supplement:http://cb.hbsp.harvard.edu/cb/product/411005-PDF-ENG Financing Higher Education in Australia David A. Moss and Stephanie LoHarvard Business School Case 711-047 Even before... View Details
Keywords: Sean Silverthorne
  • 01 Jun 2010
  • News

M.I.A. Boards

system of choosing directors to “the old Soviet-style elections” in which shareholders’ real choice is to vote for anointed nominees, abstain, or sell the stock. Of all the nominees put forward by boards, 99.7 percent win election. Also, thanks to the View Details
Keywords: John Gillespie;David Zweig; Finance
  • 31 Jan 2012
  • First Look

First Look: Jan. 31

Strömberg Publication:The Review of Financial Studies (forthcoming) Abstract We use an important legal event as a natural experiment to examine the effect of management fiduciary duties on equity-debt conflicts. A 1991 Delaware bankruptcy... View Details
Keywords: Sean Silverthorne & Carmen Nobel
  • 12 Jul 2011
  • First Look

First Look: July 12

experiment to examine the effect of management fiduciary duties on equity‐debt conflicts. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors' fiduciary duties in firms incorporated in that state. This change... View Details
Keywords: Carmen Nobel
  • 09 Jul 2001
  • Research & Ideas

Does Misery Love Companies? How Social Performance Pays Off

shareholder wealth maximization when fulfilling their fiduciary duty (Orts, 1992), the Delaware Court endorsed this same idea in 1989 when it allowed Time's management to reject a lucrative tender offer from Paramount Communications to... View Details
Keywords: by Joshua D. Margolis & James P. Walsh
  • 01 Aug 2017
  • First Look

First Look at New Research and Ideas, August 1

https://www.hbs.edu/faculty/Pages/item.aspx?num=52745 June 28, 2017 Harvard Business Review Patent Trolling Isn’t Dead—It’s Just Moving to Delaware By: Cohen, Lauren, Umit G. Gurun, and Scott Duke Kominers Abstract—No abstract available.... View Details
Keywords: Sean Silverthorne
  • 03 Nov 2009
  • First Look

First Look: Nov. 3

using the Delaware Chancery Court's decision in Fisk Ventures, LLC v. Segal, 2008 WL 1961156 (May 7, 2008), and the practical implications of the differences between unincorporated and corporate entities are highlighted. Purchase this... View Details
Keywords: Martha Lagace
  • 09 Sep 2008
  • First Look

First Look: September 9, 2008

the vendors' customer management effort to customer profitability. Purchase this note: http://harvardbusinessonline.hbsp.harvard.edu/ b01/en/common/item_detail.jhtml?id=503060 Delaware Worldwide Corporation Harvard Business School Case... View Details
Keywords: Sean Silverthorne
  • 28 May 2013
  • First Look

First Look: May 28

Abstract—The well-established negative correlation between staggered boards (SBs) and firm value could be due to SBs leading to lower value or a reflection of low-value firms' greater propensity to maintain SBs. We analyze the causal question using a natural experiment... View Details
Keywords: Sean Silverthorne
  • 11 Mar 2008
  • First Look

First Look: March 11, 2008

significant advantage over other potential buyers. Taken as a whole, these findings suggest that the Delaware courts should generally permit go-shops as a means of satisfying a sell-side board's Revlon duties, but should pay close... View Details
Keywords: Martha Lagace
  • 02 Mar 2010
  • First Look

First Look: March 2

  Working PapersEquity-Debtholder Conflicts and Capital Structure Authors:Bo Becker and Per Strömberg Abstract We use an important legal event as a natural experiment to examine equity-debt conflicts in the vicinity of financial distress. A 1991 View Details
Keywords: Martha Lagace
  • 10 Aug 2010
  • First Look

First Look: August 10

explored in the context of advising a prospective investor with particular emphasis on why LLCs are increasingly "go-to" entities. The potential effect of choice of organization on litigation outcomes is illustrated using the View Details
Keywords: Martha Lagace
  • 28 Aug 2012
  • First Look

First Look: August 28

that a higher price could be obtained. Delaware Chancellor Leo Strine agreed with the plaintiffs on the conflicts, and in his opinion expressed serious concerns with how El Paso advisor Goldman Sachs and El Paso CEO Douglas Foshee... View Details
Keywords: Sean Silverthorne
  • 20 Dec 2011
  • First Look

First Look: December 20

Per Strömberg Abstract We use an important legal event as a natural experiment to examine the effect of management fiduciary duties on equity-debt conflicts. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors'... View Details
Keywords: Carmen Nobel
  • 22 May 2020
  • Blog Post

Reflections on Service - Armed Forces Alumni Association Student Profiles

of you but you receive so little. Yet they are always ready. When push comes to shove, you can count on the American Soldier. Jessica Stephenson | Task Force Tigershark (1-10 ATK), 10th Mountain Division US Army ENTERED SERVICE FROM: Ashland, View Details
  • 09 Mar 2010
  • First Look

First Look: March 9

legal event as a natural experiment to examine equity-debt conflicts in the vicinity of financial distress. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors' fiduciary duties in that state. This change limited... View Details
Keywords: Martha Lagace
  • 17 Jun 2020
  • Blog Post

Black MBA Students Pen Letters to the HBS Community: Letter 2/5

provided to white Americans. The first week my father and his family moved into their home in Christiana, Delaware the KKK burned a cross in my family’s yard. Now, in the midst of COVID-19, the unemployment rate surges with... View Details
  • 01 Jun 2010
  • News

$how Me the Money

hundreds of billions annually into western coffers.” Recently, due to its opacity and ease of incorporation (of dummy as well as legitimate companies), Britain’s independent Tax Justice Network placed the state of Delaware at the top of... View Details
Keywords: Garry Emmons; Administration of Economic Programs; Government; Executive, Legislative, and Other General Government Support; Government; Legal Services; Professional Services; Management, Scientific, and Technical Consulting Services; Professional Services
  • 29 Jun 2007
  • First Look

First Look: June 29, 2007

triggered PeopleSoft's poison pill, threatening this maneuver would have given Oracle bargaining power that it could have used to pay a lower price in its negotiated acquisition. The Commentary closes with implications of this analysis for practitioners, boards of... View Details
Keywords: Martha Lagace