Friday, April 29, 2011

Reading: Public Law and Private Power by John Cioffi

It is a fine analysis of the interrelationship of corporate governance and conventional political considerations.  In particular, this passage stuck out for me,

“It is difficult if not impossible to determine whether, or to what extent, managers seek to maintain autonomy from the state for ideological and normative reasons or because that autonomy has allowed them to enrich themselves lavishly during the past thirty years. It is reasonable to infer that both ideal and material interests inform managerial policy preferences and that they tend to reinforce each other even under crisis conditions.” (p. 122, fn 63)

April 29, 2011 in accountability , CEO Pay , CEO power , Corporate Power  |  0 comments  | 

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