The Death of Corporate Reputation – Professor Jonathan Macey
Jonathan R. Macey is Sam Harris Professor of Corporate Law, Corporate Finance, and Securities Law at Yale University and Professor in the Yale School of Management. He is a member of the Board of Directors of the Yale Law School Center for the Study of Corporate Governance, a member of the Faculty Advisory Group of Yale’s Millstein Center for Corporate Governance and Performance, and Chairman of Yale’s Advisory Committee on Investor Responsibility.
He has served as an independent director of two public companies and is a member of FINRA’s Economic Advisory Council and the Bipartisan Policy Center Task Force on Capital Markets. His many books include Corporate Governance: Promises Kept, Promises Broken and Macey on Corporation Law.
His new book is The Death of Corporate Reputation: How Integrity Has Been Destroyed on Wall Street (FT/Pearson, March 2013).
Part Two – Part One was Saturday, April 27th column ….
Professor Jonathan Macey: My feelings about Obama have changed in the past five years. I’ve come to think he is trying his best. He realizes he can’t fix the economy on his own and he’s grappling with the massive health care law.
Dwight L. Schwab, Jr.: Where do you think we’d be today had Romney won the election back in November?
Macey: I don’t think he had a single idea. He didn’t believe anything. Obama at least has an ideology. Romney is deconstructive. He was bit like when I was in the fourth grade and the teacher said we’re having an election. Certain people want to be class president, not a vehicle for doing anything.
I’m a Libertarian.
We have problems with the delivery of health care. His solution may be worse than the original problem. I don’t endorse his policies, but I think he actually identifies it.
It’s stunning with the economy was that Romney lost.
We didn’t have a great amount of choices.
Schwab: I was basically stunned. With the economy the way it was, I would have thought Elmer Fudd could have beaten Obama. I am just glad I’m not a betting man.
Macey: I would love to talk some more but I have another call.
Schwab: That’s fine. I think we’ve covered about as much as one can in 25 minutes.
Macey: Thank you for promoting my book.
Schwab: Thank you.
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