About: Berle-Dodd debate

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The Berle-Dodd debate is the name for a series of exchanges over the purposes of the corporation between the New Deal architect, A. A. Berle, and Merrick Dodd, a law professor. In this debate, Berle argued that corporations should "serve... all society" through legally enforceable rules, and argued that shareholders' interests should ultimately be "equal" or "subordinated to a number of claims by labor, by customers and patrons, by the community". Dodd argued that corporate powers should be regarded as held on "trust" by directors and managers, and considered it "undesirable... to give increased emphasis... to the view that business corporations exist for the sole purpose of making profits for their stockholders". This debate has become well known in corporate governance, with widely confl

Attributes	Values
rdfs:label	Berle-Dodd debate (en)
rdfs:comment	The Berle-Dodd debate is the name for a series of exchanges over the purposes of the corporation between the New Deal architect, A. A. Berle, and Merrick Dodd, a law professor. In this debate, Berle argued that corporations should "serve... all society" through legally enforceable rules, and argued that shareholders' interests should ultimately be "equal" or "subordinated to a number of claims by labor, by customers and patrons, by the community". Dodd argued that corporate powers should be regarded as held on "trust" by directors and managers, and considered it "undesirable... to give increased emphasis... to the view that business corporations exist for the sole purpose of making profits for their stockholders". This debate has become well known in corporate governance, with widely confl (en)
dcterms:subject	United States corporate law
Wikipage page ID	65675210 (xsd:integer)
Wikipage revision ID	986580698 (xsd:integer)
Link from a Wikipage to another Wikipage	Corporate governance Franklin D. Roosevelt Brain trust Corporation Wall Street Crash Harvard Law Review United States corporate law Great Depression New Deal Securities Act of 1933 The Modern Corporation and Private Property Shareholder value Social security GC Means A. A. Berle AA Berle Versailles Peace Conference US corporate law
Link from a Wikipage to an external page	https://scholarship.law.cornell.edu/cgi/viewcontent.cgi%3Farticle=1833&context=facpub https://digitalcommons.law.seattleu.edu/sulr/vol42/iss2/11/ https://digitalcommons.law.seattleu.edu/sulr/vol42/iss2/18/ https://digitalcommons.law.seattleu.edu/sulr/vol42/iss2/19/ https://www.cambridge.org/core/journals/studies-in-american-political-development/article/on-the-origins-of-the-regime-of-pragmatic-liberalism-john-dewey-adolf-a-berle-and-fdrs-commonwealth-club-address-of-1932/8F3419DFB4999F79B3B4D2A22160E8FB https://www.jstor.org/stable/1331697 https://www.jstor.org/stable/1331920
sameAs	Berle-Dodd debate Berle-Dodd debate
dbp:wikiPageUsesTemplate	dbt:Reflist
has abstract	The Berle-Dodd debate is the name for a series of exchanges over the purposes of the corporation between the New Deal architect, A. A. Berle, and Merrick Dodd, a law professor. In this debate, Berle argued that corporations should "serve... all society" through legally enforceable rules, and argued that shareholders' interests should ultimately be "equal" or "subordinated to a number of claims by labor, by customers and patrons, by the community". Dodd argued that corporate powers should be regarded as held on "trust" by directors and managers, and considered it "undesirable... to give increased emphasis... to the view that business corporations exist for the sole purpose of making profits for their stockholders". This debate has become well known in corporate governance, with widely conflicting interpretations, for the conflict over the extent to which corporations should pursue "shareholder value" or the "public interest". Both Berle and Dodd agreed that the corporation should pursue the public interest, but were initially at odds in how this was achieved. (en)
prov:wasDerivedFrom	wikipedia-en:Berle-Dodd_debate?oldid=986580698&ns=0
page length (characters) of wiki page	10414 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Berle-Dodd_debate
is rdfs:seeAlso of	Corporate social responsibility
is Link from a Wikipage to another Wikipage of	Corporate social responsibility Adolf A. Berle Shareholder value
is foaf:primaryTopic of	wikipedia-en:Berle-Dodd_debate

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