Louis K. Liggett Co. v. Lee
Encyclopedia
Louis K. Liggett Co. v. Lee, 288 U.S. 517 (1933) is a corporate law decision from the United States Supreme Court.
theory of corporate law, proposed by Adolf Berle and Gardiner Means
in The Modern Corporation and Private Property
(1932).
Judgment
In the course of his opinion Justice Brandeis agreed with the race to the bottomRace to the bottom
A race to the bottom is a socio-economic concept that is argued to occur between countries as an outcome of regulatory competition, progressive taxation policies and social welfare spending...
theory of corporate law, proposed by Adolf Berle and Gardiner Means
Gardiner Means
Gardiner C. Means was an American economist. He worked at Harvard University where he met Adolf Berle. Together they wrote the seminal work of corporate governance, The Modern Corporation and Private Property. Means followed the institutionalist tradition of economists...
in The Modern Corporation and Private Property
The Modern Corporation and Private Property
The Modern Corporation and Private Property is a book written by Adolf Berle and Gardiner Means published in 1932. It explores the evolution of big business through a legal and economic lens, and argues that in the modern world those who legally have ownership over companies have been separated...
(1932).