Originally recorded: May 29, 2012.
Broadcast date: June 10, 2012, 5 p.m.
In 2010, the U.S. Supreme Court ruled that corporations should be considered persons. They have the same rights as individuals, including the freedom to fund political campaigns. This led to a firestorm of debate with advocates arguing both sides, each pointing to the absolute necessity of their positions.
On this episode of WHY?, we will ask what it means for a corporation to be a person, how collective action affects agency, and how these large companies are to be considered legally and morally accountable for their actions.
Stephen Bainbridge is the William D. Warren Distinguished Professor of Law at the UCLA School of Law in Los Angeles. He is a prolific scholar, whose work covers a variety of subjects, but with a strong emphasis on the law and economics of public corporations. He has written over 75 law review articles and numerous books. He has been a Salvatori Fellow with the Heritage Foundation and in 2008, he was named by Directorship magazine to its list of the 100 most influential people in the field of corporate governance.
Stephen’s blog can be found here.