Wachtell Lipton discusses Short-Term Investors, Long-Term Investments, and Firm Value

By Martin Lipton and Marshall P. Shaffer February 3, 2016 by Marshall P. Shaffer

A January 2016 study, Short-Term Investors, Long-Term Investments, and Firm Value, by Martijn Cremers, Ankur Pareek and Zacharias Sautner, provides substantial “empirical” evidence for the fact that, in the current corporate governance environment, short-term investors possess the undue …

Wachtell Lipton discusses Staggered Boards, Long-Term Investments and Long-Term Firm Value

By Martin Lipton and Marshall P. Shaffer December 3, 2015 by Marshall P. Shaffer

Recent econometric studies (“empirical evidence”) definitively rebut the position taken by the Harvard Law School Shareholder Rights Project (SRP) that classified boards are associated with lower firm value and inferior outcomes for shareholders. After correcting serious statistical and econometrical flaws…

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Marshall P. Shaffer

Wachtell Lipton discusses Short-Term Investors, Long-Term Investments, and Firm Value

Wachtell Lipton discusses Staggered Boards, Long-Term Investments and Long-Term Firm Value