Book contents
- Feminist Judgments: Corporate Law Rewritten
- Feminist Judgments Series Editors
- Advisory Panel for Feminist Judgments Series
- Feminist Judgments: Corporate Law Rewritten
- Copyright page
- Dedication
- Contents
- Advisory Panel for Feminist Judgments: Corporate Law Rewritten
- Notes on Contributors
- Acknowledgments
- About the Cover Art
- Table of Cases
- Part I Introduction and Overview
- Part II Legal Personality, Identity, and Limited Liability of Corporate Entities
- Part III Role and Purpose of the Corporation and Corporate Combinations in Society
- Part IV Fiduciary Duties in Corporate Governance
- Part V Closely Held Businesses and Other Considerations Regarding the Composition of Boards, Management, and Owners
- 13 Commentary on Ringling Bros-Barnum & Bailey Combined Shows, Inc. v. Ringling
- 14 Commentary on Donahue v. Rodd Electrotype
- Part VI Protecting Investors and Potential Investors in Corporations
- Part VII From Foundations to Future Directions
- Index
14 - Commentary on Donahue v. Rodd Electrotype
from Part V - Closely Held Businesses and Other Considerations Regarding the Composition of Boards, Management, and Owners
Published online by Cambridge University Press: 15 January 2023
- Feminist Judgments: Corporate Law Rewritten
- Feminist Judgments Series Editors
- Advisory Panel for Feminist Judgments Series
- Feminist Judgments: Corporate Law Rewritten
- Copyright page
- Dedication
- Contents
- Advisory Panel for Feminist Judgments: Corporate Law Rewritten
- Notes on Contributors
- Acknowledgments
- About the Cover Art
- Table of Cases
- Part I Introduction and Overview
- Part II Legal Personality, Identity, and Limited Liability of Corporate Entities
- Part III Role and Purpose of the Corporation and Corporate Combinations in Society
- Part IV Fiduciary Duties in Corporate Governance
- Part V Closely Held Businesses and Other Considerations Regarding the Composition of Boards, Management, and Owners
- 13 Commentary on Ringling Bros-Barnum & Bailey Combined Shows, Inc. v. Ringling
- 14 Commentary on Donahue v. Rodd Electrotype
- Part VI Protecting Investors and Potential Investors in Corporations
- Part VII From Foundations to Future Directions
- Index
Summary
Jessica Kiser situates the chapter, explaining that the plaintiff in Donahue was a minority shareholder who sued the company and its directors for breach of fiduciary on account of causing the company to purchase the stock of a former director and controlling shareholder, but refusing to treat her equally by purchasing her shares at the same price. The court held that the company and its directors had breached their fiduciary duty, reasoning that shareholders in a close corporation owe a heightened standard of good faith and loyalty as compared to public companies. Cindy Schipani’s feminist judgment preserves the original opinion’s holding, but expands on the nature of the Donahue’s oppression – not just as a minority shareholder, but as a woman shut out of employment opportunities by virtue of class and gender. Kiser highlights the intersectionality of Schipani’s rewritten opinion.
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- Information
- Feminist Judgments: Corporate Law Rewritten , pp. 351 - 370Publisher: Cambridge University PressPrint publication year: 2023