This sets the bar higher for what people who want reform can expect from their lawmakers," says Nick Nyhart, executive director of Public Campaign, a national campaign finance reform group. As an advocate in the early '90s, Nyhart had co-authored the first version of the bill, and credits the victory in part to the fact that when the scandals broke, a longtime measure backed by reformers was ready. Groups like the Connecticut Citizen Action Group (CCAG) and the state Common Cause chapter insisted on a strong bill with the Clean Elections component or the "entire reform community would walk. The new law will "stop the endless money chase," says Tom Swan, CCAG executive director. "It will result in the transformation of the political process where the power of voters will be increased a...
...Democrats control both houses of the Connecticut General Assembly an... power of voters will be increased and corporate control lessened.". But the law is not without its...
... Corporations and unions may establish a political action committee (PAC) for express advocacy or ele... may be banned based on the speaker’s corporate identity. In January 2008, appellant C... of a prior restraint, giving the FEC power analogous to the type of government practices that... speakers, which may be a means to control content. The Government may also commit a constitu...
... (Al-Methak Al-Watany) established corporate consociationalism as the de jure power sharing arr... by grand coalition, a light load on the political system, and a small size that precludes an active ... sponsoring foreign powers to establish control over vital locations, particularly through populat...
This paper argues for employee primacy in corporate governance. "Employee primacy" has two elements: ultimate employee control over the corporation, and an objective of maximizing employee welfare. In methodology, the argument draws both upon economics, understood more broadly than in most corporate law scholarship, and upon civic republican ideas. The paper presents four different arguments favonng employee primacy. (1) Employee primacy is likely to create the most surplus within the corporation due to incentive effects and the wealth of information that employees possess. (2) Corporations characterized by employee primacy are more likely to be socially responsible, and hence generate fewer negative externalities, than corporations characterized by shareholder primacy. (3) Employee pri...
... income and wealth inequality threaten political democracy. Politics can and should strive to under... distribution of wealth and political power;9 and. (4) Employee primacy will produce citizens ...
... supported by the growing research on power in making sense of international politics aroused ..., power as ability, power as power to control, referred to by Spinoza as potestas. Power as pote...That is, the constantly growing, corporate "stomach" of the state seeks to expand feeding not...
INTRODUCTION . Corporate restructuring has been a significant area of inter... agency theory to help legitimate their political agenda, thus contributing to and benefiting from t... as a dominant perspective on corporate control" (1995: 287-288). . Governance, Governance Reform,... to positively influence these sources of power, firms may adopt organizational structures to sign...
This article examines the federal government's growing use of 18 USC § 1346 to prosecute public company executives for breaching their fiduciary duties. Section 1346 is a controversial but under-examined statute making it a felony to engage in a scheme "to deprive another of the intangible right of honest services." Although enacted by Congress over twenty years ago, the Supreme Court repeatedly declined to review the statute, until now. The questions before the Supreme Court are of particular interest to public company executives and their professional advisors. Traditionally, Delaware law has governed the content and enforcement of executives' legal duties, largely protecting public company fiduciaries from civil liability. Now, with the emergence of honest services fraud as a weapon ...
... prosecute public corruption cases for political purposes.13 Although Congress may not have intende... could defuse or even eliminate a powerful weapon often employed by the DOJ to attack public ... party's interests and requires access or control over the other party's assets in order to perform ...
Corporate law theory and practice considers shareholder relations with companies and the implications of ownership separated from control. Yet through the Troubled Asset Relief Program (TARP) bailout and the government's resultant shareholding, ownership and control at many companies have merged, leaving corporate theory and practice for the financial and automotive sectors in chaos. The government's $700 billion bailout is a unique historical event; not merely because of its size, but also because of a resulting ripple through corporate scholarship and practice. This article builds on the author's five testimonies before Congress during the financial crisis and implementation of the TARP bailout and his consultation for the Special Inspector General for TARP. After considering corporat...
... World War, and occasionally exercised power over publicly traded businesses through special pr... stakeholders, is complicated by the political pressures placed on the government shareholder hie...
Introduction - II. What is the nation-state good for? - III. The nation-state and social integration - IV. The staying power of national identity - V. How nation-states destroy morality - VI. Economic globalization vs. the nation-state - VII. The political and military decay of the nation-state - VIII. Conclusion
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