In the Media: Edward B. Rock
- Delaware judges will need to find a way to avoid ruling in corporate cases involving government-controlled companies like American International Group Inc if they are to protect the state's corporate law, Penn Law Professor Edward B. Rock said. The federal government has acquired controlling stakes in a number of Delaware-incorporated financial service companies.The result could be a suit filed in Delaware's Chancery Court that forces the judges to address issues that could threaten Delaware's corporate law, which is a "national and international treasure," said Rock. (10/9/2009).
Reuters.
Philadelphia Inquirer.
- A report on executive compensation and board oversight references a 2008 paper by Penn Law Professor Edward Rock and Marcel Kahan of NYU, in which they argue that bosses have been losing power steadily to boards of directors and shareholders over a number of years (5/28/2009).
The Economist.
- Dow Chemical's previous plan to preserve Rohm & Haas Co. as a strong stand-alone subsidiary in the merged companies is now subject to renegotiaion, says Penn Law Professor Edward Rock. "Dow is buying the business and can run it the way it wants to," Rock said. "At the point the Haas family decided to diversify its assets, that spelled the end of Rohm & Haas as an independent Philadelphia-based organization." (3/15/2009).
Philadelphia Inquirer.
- A leading factor causing CEOs to lose power to shareholders and boards is the rise of institutional investors, a trend that began as far back as the 1980s and has continued unabated, says Penn Law Professor Edward B. Rock. "The day is not far off when dispersed individual investors will own only a trivial fraction of equities." (2/6/2009).
Reuters.
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Edward B. Rock, a corporate law professor at the University of Pennsylvania, said Dow Chemical's attempt to postpone its acquisition of Rohm & Haas Co. is "really quite extraordinary" because the company doesn't seem to have a legal defense. Dow could close the deal, Rock said. "It's just a deal that made more sense last summer than it does today. They think they overpaid."
(2/1/2009).
Philadelphia Inquirer.
- "Penn turned for advice to its network of alumni on Wall Street" when designing its new three-year accelerated JD/MBA. (9/30/2008).
The Deal.com.
- "Reputation matters until you get to some serious pain," says Professor Edward Rock, co-director at the Institute of Law & Economics. "It matters if the stakes are low. Somewhere between $25 million and $1 billion, it shifts." (10/23/2007).
The Wall Street Journal .
- Professor Edward Rock and his co-author find the current corporate voting technology “crude, imprecise and fragile.” (8/31/2007).
Reuters.
- The Corporate Practice Commentator announces the results of its 10 best corporate and secruitites articles -- naming three Penn Law faculty: Professors Edward Rock and Gideon Parchomovsky and Visiting Professor Jill Fisch. (4/12/2007).
- Professor Edward Rock's 2006 paper on Hedge Funds in Corporate Governance and Control won the 2007 De Brauw Prize in the European Corporate Governance Institute's Law Working Paper series. (4/2/2007).
- In a recent paper, Professors Geoffrey Hazard and Edward Rock argue that the changes in SEC rules and stock exchange listing requirements vastly increase the legal complexity and that permanent independent counsel will become a fixture of the American boardroom. Financial Times (5/18/2005).
- The Financial Times focuses on Vice Chancellor of the Delaware Court of Chancery and Penn Law Professor Leo Strine, describing both his judicial and professorial roles. Reflecting on the nuanced way that the court operates, Law and Business Professor Edward Rock comments, "The tightrope Delaware walks is between being seen to take seriously these harmful things but not over-reacting in a way that is going to make things worse." (1/28/2005).
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Last Updated November 7, 2009
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