TEXAS LAW REVIEW ASSOCIATION
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The Texas Law Review is a general interest law review published by students at the University of Texas School of Law. Texas Law Review is an independent journal, edited and published entirely by students at the University of Texas School of Law.
741310182
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1972
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AUSTIN, TX 78705
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Featured Private Profits and Public Business Article by Aneil Kovvali and Joshua C. Macey Introduction The view that corporations should be run for the financial benefit of shareholders presupposes that shareholders financial interests align with broader societal interests. 1 This approach to corporate governance is known as shareholder primacy and it is based on two related assumptions. The first is that shareholders hold the residual claim on the firms assets.
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