Environmental Science
8 years ago

Corporate control at risk as megasubsidiaries subvert shareholder rights

Harvard Law Review
Megasubsidiaries: The Effect of Corporate Structure on Corporate Control
Melvin A. Eisenberg

Paper Summary

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The article discusses the rise of massive subsidiary corporations called megasubsidiaries and how this affects corporate control. It explores the legal and economic reasons behind this trend and highlights the potential impact on shareholder voting rights. The main finding is that ownership of business assets is now often multiple steps removed from the assets themselves due to the growth of megasubsidiaries.