McDonald’s Ruling Sets Ominous Tone For Franchises

The Wall Street Journal reported that the National Labor Relations Board (NLRB) has ruled  the McDonald’s Corporation can be treated as a joint employer with its franchisees in labor complaints. The ruling could have far-reaching implications for how the company deals...

Corporate governance: the resurgent activist

The US Chamber of Commerce calls it “minoritarianism, the tyranny of a minority”. Dan Gallagher of the Securities and Exchange Commission says annual meetings have been “hijacked” by “corporate gadflies”. Leo Strine, the chief justice of Delaware, where most big US...