The corporate mega-mergers of the 1980s and 1990s raise many troubling questions for social scientists and legal scholars. Do corporate globalism and the new, streamlined corporation help or hinder the development of civil society? Does the new power that increasingly deregulated businesses wield undermine the rights of citizens, or is this threat being exaggerated? Who has the authority to get things done in a corporation's name and who can be held legally responsible for a corporation's misbehavior? What role, if any, should the courts play in strengthening the rights of individuals who challenge the actions of big business? David Sciulli maps the legal limits of corporate power in our democratic society, and explores the role of the corporate judiciary in creating public policy. He argues that the judiciary must be more vigilant and act to curb corporate abuses. He demonstrates that when corporations exercise their private power in civil society, they are just as capable as the state of exercising it in ways that are dangerous, arbitrary, and challenge the basic institutional arrangements of society. Finally, Sciulli calls for sociologists to involve themselves more deeply in issues of corporate governance and commit their discipline to influencing the decisions of the courts.
Author(s): David Sciulli
Year: 2001
Language: English
Pages: 416
EEn......Page 1
Cover......Page 2
Contents......Page 7
Acknowledgments......Page 9
Introduction......Page 11
1 - Corporations and Civil Society......Page 18
2 - The Turbulence of the 1980s......Page 41
Part I - Overview and Background......Page 69
3 - Contractarians and Imposers......Page 71
4 - Contractarians and Balancers......Page 93
5 - Major Delaware Decisions of the 1980s and 1990s......Page 107
Part II - Sources of Judicial Drift......Page 139
6 - Why Contractarians Fail to Explain Judicial Behavior......Page 141
7 - Why Imposers Fail to Explain Judicial Behavior......Page 155
8 - Legislative Action......Page 173
9 - Contractarian Reaction......Page 197
Part III - Corporate Law and Judicial Practice in a Global Economy......Page 215
10 - America's Constitutional Court for Intermediary Associations......Page 217
11 - Beyond the Failures......Page 240
12 - Time-Warner and Instituional Externalities......Page 269
13 - Explaining and Predicting Judicial Behavior in a Global Economy......Page 292
Notes......Page 323
References......Page 385
Index......Page 409
About the Author......Page 417