With relentless logic and impeccable evidence, Kent Greenfield, a professor of corporate law at Boston College Law School, presents a stunning critique of the shareholder supremacy theory of corporate law, complete with practical and progressive law reform proposals designed to get so-called “public” corporations back into the business of promoting the public interest.

Greenfield challenges conventional wisdom to show how corporations can be managed to promote the interests of all stakeholders, including shareholders, workers, creditors and the communities in which corporations operate, while promoting both profits and social welfare.

Arguing for a broad definition of costs and benefits, Greenfield persuasively lays out new principles for corporate law designed to serve the interests of society as a whole, while promoting both efficiency and justice.

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