CEOs, Politics, and Other People’s Money
Citizens United, Justice Kennedy, and Politics:
By James Kwak
I am, on paper, a corporate law professor, because—well, I guess because I used to work for a corporation (two, actually), and the books I write sometimes have corporations in them, and I teach business organizations as part of my day job. (Secret for those looking for a job as a law professor: UConn was looking for someone to teach corporate law, and I wanted the job, so that’s what I said I could do.) But I’ve made it this far writing exactly one corporate law paper (my summary here), and that was actually about corporate political activity—namely, whether and how shareholders can challenge political contributions that they think are not in the corporation’s interests.
It is well known by now that, in Citizens United, Justice Kennedy committed one of the true howlers of recent Supreme Court history:
With the advent of the Internet, prompt disclosure…
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