J Jill

25 Apr 19
Southern California Law Review

In a 2017 Virginia Law Review article, The Untenable Case for Perpetual Dual-Class Stock, Professors Lucian Bebchuk and Kobi Kastiel argued that time-based sunset provisions (the forced unification of shares into one share structure with equal voting rights after a certain period of time) should be a mandatory feature of dual class share structures (classes of common stock with unequal voting rights). This article has recently been used as authority by the Council of Institutional Investors (“CII”) to petition to the NASDAQ Stock Market (“NASDAQ”) and the New York Stock Exchange (“NYSE”) to amend their listing standards. The requested amendments would require companies seeking to go public with dual class shares to include in their certificates of incorporation a time-based sunset provision that would go into effect no more than seven years after the initial public offering (“IPO”) unless minority shareholders vote to extend it up to an additional seven years. This delayed unification based on a shareholder vote is incorporated in Bebchuk and Kastiel’s argument. 

This Article, which is based on comment letters I sent in response to the CII’s petitions, argues that such a mandatory provision would be extremely unwise and harmful to our most important public companies and their shareholders, current as well as future. As a creation of private ordering, the absence of time-based sunset provisions in dual class share structures serves a significant value enhancing purpose. It prevents the risk that a premature and therefore sub-optimal unification of shares may occur. This risk has so far been ignored by those advocating for the implementation of a mandatory time-based sunset provision. As subsequently discussed, this risk has been ignored because their analysis lacks an appreciation for how the positive skewness in stock market returns negatively impacts the value of mandatory time-based sunset provisions.

24 Apr 19
Archy news nety

FOR SALE FRIDAY .38 Special, MGM Grand Detroit Event Center, July 3, $ 49.50 – $ 59.50 James Charles, Fox Theater, July 12, $ 57.50 and above Jill Scott, Fox Theater, July 14, $ 49.75 and above Wiz Khalifa, DTE Energy Music Theater, July 31, $ 29 up The Wiggles, Fox Theater, August 26, $ […]

24 Apr 19
Gwen Jones Writes

One hella site for writers is Publishing… and Other Forms of Insanity.  Offering tips on contests, agents, publishers, self-publishing, reviews, calls for submission, and so much more, it’s the go-to site for the business-end of writing, geared towards beginning to seasoned writers. One of my favorite sections is for Conferences, and here’s the latest sampling […]

24 Apr 19
FLEdGE

April 2019 By Kristen Lowitt, Jill Clark, and Peter Andrée  Food systems are in crisis. For social movements and organizations working at the front lines to build more sustainable and just food systems, this crisis also represents an opportunity. Civil Society & Social Movements in Food System Governance provides an array of examples from the Global […]

24 Apr 19
Paper, Ink, & Lizard

      For the past few years, I’ve been dabbling in creating my own epic fantasy series. With book one almost finished, and the basic plots outlined for the rest, I’ve been allowing myself more time to worldbuild–including creating my own language. The greatest influencers on my series are (of course) J. R. R. […]

24 Apr 19
Gender in Britain

First wave feminism did a lot for its time and place in society. By fighting for issues like equal pay and general gender equality, the work done during this time opened up opportunities for later feminists to fight for other rights. However, looking at the film, “To Be a Woman”, the realities the film sets […]

24 Apr 19
St John's CIC, Peterborough

In the last of our May concerts we welcome back one of our most regular performers of the last few years, pianist Jill Crossland. In this concert she will be performing J S Bach’s French Suite No 5 in G (BWV816), Brahms Intermezzo Op 118/2 and Brahms Variations in D minor Op 18. If you […]

24 Apr 19
messymimi’s meanderings

(Because some people like Blogger and some like WordPress, i am putting the same content at both.  If you would prefer to read this on the other site, it is linked here.)    To enjoy more blogs participating in the A to Z Challenge, click here.          ***********************************         […]

24 Apr 19
Orchard Lane PFC Parent Faculty Council

6:30   Welcome, Introductions and Co-President’s Message   6:35 The Business 1.       Spring Fundraiser (Mike and Jill) Some people missed the spaghetti dinner – would like to make sure that we do food. Not sure what we are doing for Spring Fundraiser – any suggestions? Escape the Room, Disney + experience baskets, etc. Made $1984 […]

23 Apr 19
Financhill

Image source: The Motley Fool. Nucor Corp (NYSE: NUE)Q1 2019 Earnings CallApril 23, 2019, 2:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, everyone, and welcome to the Nucor Corporation First Quarter of 2019 Earnings Call. As a reminder, today’s call is being recorded. Later, we will conduct […]

23 Apr 19
Horses in the South - A Horse Blog

Adrienne Lyle and Harmony’s Duval. ©Susan J. Stickle Photography. Tryon, NC – April 21, 2019 – Adrienne Lyle (USA) and Harmony’s Duval danced to another win to close out Tryon Spring Dressage 1 CDI 3* presented by Adequan®, taking top honors in the FEI Grand Prix Special CDI 3* on a score of 73.851%. Naima […]

23 Apr 19
The Folly of Britain

Introduction   Women have demanded for equality and citizenship for a very long time. They have worked alongside men, paid taxes and have been involved in local level elections,[1] all while labouring in their households and caring for their families. Equal pay has been an issue dating back since the late 19th Century, which I […]

23 Apr 19
TextileFuture

Asos’ largest investor loses 3 children in Sri Lanka Easter attacks Anders Holch Povlsen who owns the largest share in Asos lost 3 kids in the Sri Lanka terror attacks The Easter Sunday blasts saw explosions tear through luxury hotels and churches Povlsen also owns international clothing retailer Bestseller Asos’ largest shareholder and Zalando’s second […]