The John M. Olin Center
Paper Abstract
1072. Einer Elhauge, The Inevitability and Desirability of the Corporate Discretion to Advance Stakeholder Interests, 10/2021; forthcoming in Cornell Law Review.
Abstract: Recent work has argued that a corporate discretion to advance the interests of stakeholders is illusory and undesirable. This article argues that, to the contrary, such discretion is both inevitable and desirable.