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The Death of Corporate Reputation

Corporations, Securities & Antitrust Practice Group and Financial Services & E-Commerce Practice Group Teleforum
Start : Friday, March 08, 2013 01:00 PM
End : Friday, March 08, 2013 02:00 PM

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Location:
Conference Call

Featured Speakers:
Jonathan R. Macey

Description:

The Death of Corporate ReputationWhy did the financial scandals really happen? Why are they continuing to happen? In The Death of Corporate Reputation, Yale's Jonathan Macey reveals the real, non-intuitive reason, and offers a new path forward. For over a century law firms, investment banks, accounting firms, credit rating agencies and companies seeking regular access to U.S. capital markets made large investments in their reputations.  They treated customers well and sometimes endured losses in transactions or business deals in order to sustain and nurture their reputations as faithful brokers and “gate-keepers.”  This has changed completely. The existing business model among leading participants in today’s capital markets no longer treats customers as valued clients whose trust must be earned and nurtured, but as one-off “counter-parties” to whom no duties are owed and no loyalty is required.  The rough and tumble norms of the market-place have replaced the long-standing reputational model in U.S. finance.

Featuring:

  • Prof. Jonathan R. Macey, Sam Harris Professor of Corporate Law, Corporate Finance, and Securities Law, Yale Law School
Agenda:

Call begins at 1:00 p.m. Eastern Time.

Registration details:

Teleforum calls are open to all dues paying members of the Federalist Society. To become a member, sign up here. As a member, you should receive email announcements of upcoming Teleforum calls which contain the conference call phone number. If you are not receiving those email announcements, please contact us at 202-822-8138.

Related Materials:
Teleforum
The Death of Corporate Reputation - Podcast