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    <title>ProfessorBainbridge.com</title>
    
    
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    <id>tag:typepad.com,2003:weblog-1863427</id>
    <updated>2012-05-26T21:12:59-07:00</updated>
    <subtitle>Stephen Bainbridge's Journal of Law, Politics, and Culture</subtitle>
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        <title>Ridge Lytton Springs (Dry Creek Valley) 2008</title>
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        <id>tag:typepad.com,2003:post-6a00e55019789788340168ebd45a43970c</id>
        <published>2012-05-26T21:12:59-07:00</published>
        <updated>2012-05-26T21:12:59-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Wine" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">Legally this is not a Zinfandel. At 74% Zin, it's a point short of qualifying for labeling as such. Of course, Ridge has long treated Lytton Springs as a proprietary blend. In any case, it's also got...&lt;br/&gt;
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    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/ridge-lytton-springs-dry-creek-valley-2008.html</feedburner:origLink></entry>
    <entry>
        <title>“Top Ten Reasons Why Companies Are Leaving California” </title>
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        <id>tag:typepad.com,2003:post-6a00e5501978978834016305dd4a0b970d</id>
        <published>2012-05-26T14:33:55-07:00</published>
        <updated>2012-05-26T14:33:55-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">“Top Ten Reasons Why Companies Are Leaving California” by Walter Olson on May 23, 2012 The hassle, the tax complications, the legal risks, the permitting difficulties just go on and on. Business...&lt;br/&gt;
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    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/top-ten-reasons-why-companies-are-leaving-california.html</feedburner:origLink></entry>
    <entry>
        <title>The Need for Improved Cost-Benefit Analysis of Dodd-Frank Rulemaking</title>
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        <id>tag:typepad.com,2003:post-6a00e55019789788340168ebcac884970c</id>
        <published>2012-05-25T12:40:29-07:00</published>
        <updated>2012-05-25T12:40:29-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">The broad scope of new regulation under Dodd-Frank, issued by agencies including the SEC, Commodity Futures Trading Commission (CFTC) and others, will result in fundamental changes across the...&lt;br/&gt;
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    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/the-need-for-improved-cost-benefit-analysis-of-dodd-frank-rulemaking.html</feedburner:origLink></entry>
    <entry>
        <title>A puzzling case of corporate cowardice</title>
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        <id>tag:typepad.com,2003:post-6a00e55019789788340168ebcabe2d970c</id>
        <published>2012-05-25T12:34:17-07:00</published>
        <updated>2012-05-25T12:34:17-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Corporate Law" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">Bradley Voss reports that: In February 2012, several purported class action lawsuits were filed in the Delaware Court of Chancery challenging corporate bylaw amendments adopted by companies pursuant...&lt;br/&gt;
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    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/a-puzzling-case-of-corporate-cowardice.html</feedburner:origLink></entry>
    <entry>
        <title>Elements of value arising from the accomplishment or expectation of the merger</title>
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        <id>tag:typepad.com,2003:post-6a00e55019789788340168ebc9fbcd970c</id>
        <published>2012-05-25T11:05:37-07:00</published>
        <updated>2012-05-25T11:15:41-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Mergers and Takeovers" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">DGCL § 262(h) provides that shareholders who succeed in an appraisal proceeding are entitled to the "fair value" of their shares "exclusive of any element of value arising from the accomplishment or...&lt;br/&gt;
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    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/elements-of-value-arising-from-the-accomplishment-or-expectation-of-the-merger.html</feedburner:origLink></entry>
    <entry>
        <title>Politics, profits and private equity</title>
        <link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/professorbainbridge/sheN/~3/ckp2eI5lk9s/politics-profits-and-private-equity.html" />
        <link rel="replies" type="text/html" href="http://www.professorbainbridge.com/professorbainbridgecom/2012/05/politics-profits-and-private-equity.html" thr:count="1" thr:updated="2012-05-24T20:11:38-07:00" />
        <id>tag:typepad.com,2003:post-6a00e55019789788340168ebc46dd2970c</id>
        <published>2012-05-24T17:59:22-07:00</published>
        <updated>2012-05-24T17:59:22-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">Mr Obama then goes on to characterise the role of the executive branch in terms that would make James Madison flip his powdered wig. The task of the president of the United States of America, as Mr...&lt;br/&gt;
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&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/professorbainbridge/sheN/~4/ckp2eI5lk9s" height="1" width="1"/&gt;</content>



    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/politics-profits-and-private-equity.html</feedburner:origLink></entry>
    <entry>
        <title>An Amalgamation of Facebook IPO Theories</title>
        <link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/professorbainbridge/sheN/~3/578rRoVXFXY/an-amalgamation-of-facebook-ipo-theories.html" />
        <link rel="replies" type="text/html" href="http://www.professorbainbridge.com/professorbainbridgecom/2012/05/an-amalgamation-of-facebook-ipo-theories.html" thr:count="0" />
        <id>tag:typepad.com,2003:post-6a00e55019789788340168ebc462cc970c</id>
        <published>2012-05-24T17:49:12-07:00</published>
        <updated>2012-05-24T17:49:12-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">5. Zuckerberg: Christine observed months ago that Zuckerberg has almost secured paranoiac control of the company. And he couldn't be bothered to lose the hoodie. via www.theconglomerate.org # 5 seems...&lt;br/&gt;
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&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/professorbainbridge/sheN/~4/578rRoVXFXY" height="1" width="1"/&gt;</content>



    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/an-amalgamation-of-facebook-ipo-theories.html</feedburner:origLink></entry>
    <entry>
        <title>Spitzer’s Loose Public Talk and Private Emails</title>
        <link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/professorbainbridge/sheN/~3/KfVz2oAMnXk/spitzers-loose-public-talk-and-private-emails.html" />
        <link rel="replies" type="text/html" href="http://www.professorbainbridge.com/professorbainbridgecom/2012/05/spitzers-loose-public-talk-and-private-emails.html" thr:count="0" />
        <id>tag:typepad.com,2003:post-6a00e55019789788340168ebc45e0a970c</id>
        <published>2012-05-24T17:45:01-07:00</published>
        <updated>2012-05-24T17:45:01-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">The angry Eliot Spitzer, former New York attorney general and quick-term governor, continues to have the habit of loose talk, bordering on the defamatory. via www.concurringopinions.com Eliot Spitzer...&lt;br/&gt;
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&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/professorbainbridge/sheN/~4/KfVz2oAMnXk" height="1" width="1"/&gt;</content>



    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/spitzers-loose-public-talk-and-private-emails.html</feedburner:origLink></entry>
    <entry>
        <title>Mike Dooley retirement address</title>
        <link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/professorbainbridge/sheN/~3/8B0zsTFDk9Q/mike-dooley-retirement-address.html" />
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        <id>tag:typepad.com,2003:post-6a00e5501978978834016305ceb4c5970d</id>
        <published>2012-05-24T17:12:30-07:00</published>
        <updated>2012-05-24T17:12:30-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Corporate Law" />
        <category scheme="http://www.sixapart.com/ns/types#category" term="Law School" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">My friend and mentor UVa Law Professor Michael P. Dooley gives an address on the occasion of his retirement, following a nice introduction by Virginia Law Dean Paul Mahoney:&lt;br/&gt;
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&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/professorbainbridge/sheN/~4/8B0zsTFDk9Q" height="1" width="1"/&gt;</content>



    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/mike-dooley-retirement-address.html</feedburner:origLink></entry>
    <entry>
        <title>The problem with the new right</title>
        <link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/professorbainbridge/sheN/~3/XM8HGsAQ7CA/the-problem-with-the-new-right.html" />
        <link rel="replies" type="text/html" href="http://www.professorbainbridge.com/professorbainbridgecom/2012/05/the-problem-with-the-new-right.html" thr:count="3" thr:updated="2012-05-25T11:46:28-07:00" />
        <id>tag:typepad.com,2003:post-6a00e5501978978834016766c25a87970b</id>
        <published>2012-05-24T15:36:23-07:00</published>
        <updated>2012-05-24T15:36:23-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">Civility and respect for order – nay, demand for order – have always been tenets of conservatism. The most prominent work of history’s most prominent conservative, Edmund Burke, was a reaction to the...&lt;br/&gt;
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&lt;/div&gt;&lt;img src="http://feeds.feedburner.com/~r/professorbainbridge/sheN/~4/XM8HGsAQ7CA" height="1" width="1"/&gt;</content>



    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/the-problem-with-the-new-right.html</feedburner:origLink></entry>
    <entry>
        <title>Confused by Strine's take on my take on a corporation's social responsibility</title>
        <link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/professorbainbridge/sheN/~3/t0G5by-jrmY/confused-by-strines-take-on-my-take-on-a-corporations-social-responsibility.html" />
        <link rel="replies" type="text/html" href="http://www.professorbainbridge.com/professorbainbridgecom/2012/05/confused-by-strines-take-on-my-take-on-a-corporations-social-responsibility.html" thr:count="2" thr:updated="2012-05-25T22:13:01-07:00" />
        <id>tag:typepad.com,2003:post-6a00e5501978978834016766c18eab970b</id>
        <published>2012-05-24T13:52:02-07:00</published>
        <updated>2012-05-24T14:21:55-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Corporate Law" />
        <category scheme="http://www.sixapart.com/ns/types#category" term="Corporate Social Responsibility" />
        <category scheme="http://www.sixapart.com/ns/types#category" term="Dept of Self-Promotion" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">In eBay Domestic Holdings, Inc. v. Newmark, 16 A.3d 1 (Del. Ch. 2010), then-Delaware Chancellor William Chandler opined that “Directors for a for-profit Delaware corporation cannot deploy a rights...&lt;br/&gt;
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    <feedburner:origLink>http://www.professorbainbridge.com/professorbainbridgecom/2012/05/confused-by-strines-take-on-my-take-on-a-corporations-social-responsibility.html</feedburner:origLink></entry>
    <entry>
        <title>The assault on profit</title>
        <link rel="alternate" type="text/html" href="http://feedproxy.google.com/~r/professorbainbridge/sheN/~3/I35Sdy2T-Co/the-assault-on-profit.html" />
        <link rel="replies" type="text/html" href="http://www.professorbainbridge.com/professorbainbridgecom/2012/05/the-assault-on-profit.html" thr:count="2" thr:updated="2012-05-24T21:40:28-07:00" />
        <id>tag:typepad.com,2003:post-6a00e5501978978834016305cd4799970d</id>
        <published>2012-05-24T12:51:16-07:00</published>
        <updated>2012-05-24T12:51:17-07:00</updated>
        
        <author>
            <name>Steve Bainbridge</name>
        </author>
        <category scheme="http://www.sixapart.com/ns/types#category" term="Corporate Social Responsibility" />
        <category scheme="http://www.sixapart.com/ns/types#category" term="Current Affairs" />
        
        
<content type="html" xml:lang="en-US" xml:base="http://www.professorbainbridge.com/professorbainbridgecom/">Over breakfast this morning, I read Paul Rubin's WSJ op-ed taking President Obama to task for his attacks on profit maximization: In justifying his attacks on Bain Capital, President Obama argues...&lt;br/&gt;
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