Join the Robert Zicklin Center for Corporate Integrity as we host
Professor Lynn Stout of Cornell University Law School and Professor
Barry Adler of New York University Law School. In her recent book “The Shareholder Value Myth
Professor Stout argues that corporations place too much emphasis on
increasing their stock price at the expense of long-term value creation.
She will attempt to debunk the widely held belief that corporate law
mandates shareholder primacy and she will demonstrate how shareholder
value thinking endangers investors and other stakeholders. Professor
Adler will respond to these arguments, defending the importance of the
centrality of shareholder value. He will also provide insight into the
debate by drawing on his own work in the field of bankruptcy. The
program will be followed by a networking reception.
A November is CUNYMonth Event -- open to the public
About the Speakers
Lynn A. Stout
is the Distinguished Professor of Corporate & Business Law at the
Cornell Law School. She specializes in researching, writing on, and
teaching about corporate law, securities and derivatives regulation, law
and economics, and prosocial behavior and law.
Stout holds a B.A. summa cum laude
from Princeton University as well as a Master's in Public Policy from
Princeton's Woodrow Wilson School and a J.D. from the Yale Law School.
Until 2012 she was the Paul Hastings Professor of Corporate and
Securities Law at the University of California, Los Angeles School of
Law, after which she joined the Cornell Law School. She has also taught
at George Washington Law School, New York University Law School, Harvard
Law School, and Georgetown University, and has served as a Guest
Scholar at the Brookings Institution. She has served as an Independent
Trustee of the Eaton Vance Mutual Funds since 1998 and on the Advisory
Board of the Aspen Institute's Business and Society Program since 2009.
Barry Adler is
the Bernard Petrie Professor of Law and Business as well as Associate
Dean for Information Services and Technology and has recently completed
a term as Vice Dean. He joined the New York University School of Law
faculty in 1996, leaving his position as the Sullivan & Cromwell
Research Professor of Law at the University of Virginia. Adler's course
offerings have included Bankruptcy, Commercial Law, Contracts,
Corporate Finance, and Corporations.
Adler has written numerous articles on the application of corporate
finance theory to issues of corporate insolvency. These articles suggest
that bankruptcy law can be properly understood as an integral part of
contract, property, and tort law rather than as a mere supplemental
body of law applied after a financial failure. He is currently at work
on a book, The Law of Last Resort, which will elaborate on this
theme and apply insights from much of his early scholarship to
regulatory reform in the wake of the 2008 financial crisis. In
addition, Adler has joined the casebook Cases, Problems, and Materials on Bankruptcy with Douglas G. Baird and Thomas H. Jackson, and is the editor of a reader, Foundations of Bankruptcy Law.
Beyond his bankruptcy scholarship, Adler has been published and
continues to write in the fields of contract and corporate law.
After graduating with honors in 1982 from Cornell University and
graduating with honors in 1985 from the University of Chicago Law
School, where he was an Olin Fellow in Law and Economics, Adler clerked
for Judge Frank Easterbrook of the U.S. Court of Appeals for the
Seventh Circuit. Between 1986 and 1988, he was an associate at Cleary,
Gottlieb, Steen & Hamilton in New York. Before joining the faculty
at University of Virginia in 1994, Adler was on the faculties of George
Mason University School of Law, then Emory University School of Law.
He has also been a visiting faculty member at Columbia Law School and
Yale Law School. Adler spent the summer of 1995 as a consultant for the
Harvard Institute of International Development on its Russian legal
reform project. He advised on corporate and insolvency issues. He also
serves from time to time as an expert witness or consultant on the same
6:00 pm - Registration
6:15 pm - Presentation
7:30 pm - Q&A
8:00 pm - Networking
Complimentary pre-registration is required to attend this program. Register online, by phone or e-mail:
- Complete the online registration form
- Call us at 646-312-3231
- E-mail us at firstname.lastname@example.org
Baruch College - Information & Technology Building (Library Building)
151 E. 25th St.
Room: Room 750