Added Perspective

Will a New Paradigm for Corporate Governance Bring Peace to the Thirty Years’ War?

October 8, 2015

By Martin Lipton, Wachtell, Lipton, Rosen & Katz

The decades-long conflict that is currently raging over short-termism and activist hedge funds strikes me as analogous to the Thirty Years’ War of the 17th Century, albeit fought with statistics (“empirical evidence”), op-eds and journal articles rather than cannon, pike and sword. I decided, after some 36 years in the front line of the army defending corporations and their boards, that pursuing the thought might result in an essay more interesting (and perhaps a bit more amusing) than my usual memos and articles. 

 

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