05 March 2012

Delaware Judges As Minor Prophets

Usually, when I post here about Bainbridge, I'm trashing him. But, I have to say that his recent post on the similarities between Delaware Chancery Court judges (who are the primary referees of corporate disputes in American big businesses) and minor Biblical prophets did strike a cord. Basically, he argues that the vivid language that they use to call out executives who are behaving badly molds social norms that have a powerful impact on how big business elites behave, well beyond their power in setting precedents or enforcing liability and property rules.

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