Document Type
Book Review
Abstract
David Yosifon's first book, Corporate Friction: How Corporate Law Impedes American Progress and What To Do About It, provides a unique perspective on the corporate purpose debate. The corporate purpose debate can be summarized as a search for the answer to a seemingly rudimentary question: “For Whom is the Corporation Managed”? Yosifon presents a well-researched argument that U.S. corporations should be managed for the best interest of stakeholders, opposed to shareholders. This distinction is known as the shareholder-stakeholder best-interest trade-of. Yosifon supports his argument with a refned analysis of the assumptions and norms that have led to a shareholder-centric model of corporate governance in the United States and its impact on “American progress.”
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Citation Information
Teschuk, Cameron.
"Corporate Friction: How Corporate Law Impedes American Progress and What To Do About It by David Yosifon."
Osgoode Hall Law Journal
58.1 (2021)
: 215-224.
DOI: https://doi.org/10.60082/2817-5069.3638
https://digitalcommons.osgoode.yorku.ca/ohlj/vol58/iss1/8