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THE DIRECTOR'S NEW CLOTHES

THE DIRECTOR'S NEW CLOTHES Footnotes 1 . Bryan Burrough and John Helyar, Barbarians at the Gate (Harper & Row, 1990), p. 93. The book also notes that “Johnson's two maids were on the company payroll.” 2 . Ibid., p. 255. 3 . See Committee on Corporate Laws of the Section of Corporation, Banking and Business Law, American Bar Association, Model Business Corporation Act , Prentice‐Hall Law and Business, 1990, p. 781. “Thirty‐two jurisdictions follow the language of the Model Act. the remaining 20 jurisdictions provide the corporation's affairs should be managed by a board of directors,” p. 788. 4 . Melvin Aron Eisenberg, The Structure of the Corporation: A Legal Analysis , Little, Brown, Boston, 1976, p. 140. 5 . Benjamin N. Cardozo , Meinhard v. Salmon , 249 N.Y. 458 – 464 ( 1928 ). 6 . Robert Clark, Corporate Law , Little, Brown, Boston, 1986, pp. 33–34. 7 . Arthur Fleischer, Jr., Geoffrey C. Hazard, Jr., and Miriam Z. Klipper, Board Games , Little, Brown, Boston, 1988, p. 3. 8 . Jay W. Lorsch with Elizabeth MacIver, Pawns or Potentates: The Reality of America's Corporate Boards , Harvard Business School Press, Boston, 1989, p. 4. 9 . Peter Drucker, “The http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Applied Corporate Finance Wiley

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Publisher
Wiley
Copyright
Copyright © 1991 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1078-1196
eISSN
1745-6622
DOI
10.1111/j.1745-6622.1991.tb00618.x
Publisher site
See Article on Publisher Site

Abstract

Footnotes 1 . Bryan Burrough and John Helyar, Barbarians at the Gate (Harper & Row, 1990), p. 93. The book also notes that “Johnson's two maids were on the company payroll.” 2 . Ibid., p. 255. 3 . See Committee on Corporate Laws of the Section of Corporation, Banking and Business Law, American Bar Association, Model Business Corporation Act , Prentice‐Hall Law and Business, 1990, p. 781. “Thirty‐two jurisdictions follow the language of the Model Act. the remaining 20 jurisdictions provide the corporation's affairs should be managed by a board of directors,” p. 788. 4 . Melvin Aron Eisenberg, The Structure of the Corporation: A Legal Analysis , Little, Brown, Boston, 1976, p. 140. 5 . Benjamin N. Cardozo , Meinhard v. Salmon , 249 N.Y. 458 – 464 ( 1928 ). 6 . Robert Clark, Corporate Law , Little, Brown, Boston, 1986, pp. 33–34. 7 . Arthur Fleischer, Jr., Geoffrey C. Hazard, Jr., and Miriam Z. Klipper, Board Games , Little, Brown, Boston, 1988, p. 3. 8 . Jay W. Lorsch with Elizabeth MacIver, Pawns or Potentates: The Reality of America's Corporate Boards , Harvard Business School Press, Boston, 1989, p. 4. 9 . Peter Drucker, “The

Journal

Journal of Applied Corporate FinanceWiley

Published: Sep 1, 1991

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