End Delaware’s Corporate DominanceDemocracy: A Journal of Ideas (2016)
Delaware provides corporate foundational papers to all comers, and earns as much as a quarter of its state budget from the ensuing fees. Though Delaware has a population of less than one-third of 1 percent of the nation, more than half of Fortune 500 businesses claim a filing cabinet in Wilmington as home. Scholars disagree on whether the state’s rules provide more protection for shareholders or managers. But one thing is absolutely clear: Delaware corporate law cares not at all about employees, communities, customers, or other stakeholders, except insofar as shareholders also gain.
Publication DateWinter 2016
Citation InformationKent Greenfield. "End Delaware’s Corporate Dominance" Democracy: A Journal of Ideas Iss. 39 (2016)
Available at: http://works.bepress.com/kent_greenfield/170/