Corporations are the productive engine of market economies. Yet the
rules by which the wealth generated by corporations gets divided
between the providers of financial capital and the providers of
human capital are poorly understood. In this colloquium, a group of
economists, social scientists, lawyers, labor relations
specialists, business executives, and executives of financial
institutions debate questions about the allocation of risks,
returns, and rights in corporations that were raised in Margaret
Blair's prior book, Ownership and Control: Rethinking Corporate
Governance for the Twenty-First Century (Brookings, 1995). In
addition to Margaret Blair, participants include Bernard Aidinoff,
Amatai Etzioni, Ronald Gilson, Martin Ginsburg, Mark Goyder, Oliver
Hart, Bruce Householder, Tony Jackson, Bevis Longstreth, Jonathan
Low, Bruce MacLaury, Ira Millstein, Nell Minow, Charles Rossotti,
Charles Schultze, Kenneth West, and Sidney Winter. Roswell Perkins,
of the New York law firm of Debevoise & Plimpton, served as
moderator.
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