Showing papers on "Corporate group published in 1971"

Megasubsidiaries: The Effect of Corporate Structure on Corporate Control

Abstract: Professor Eisenberg describes the recent growth of massive subsidiary corporations and the legal and economic reasons behind this develonnent. He then points out the subversion of shareholder voting rights that can occur if some of the major transactions of these subsidiaries need be approved only by the board of directors of the parent. His conclusion is that the right to vote the subsidiary's stock in these transactions either inheres in the parent and is exercisable by the body of the parent's shareholders or passes through the parent directly to the parent's shareholders.