Strine Calls For Sweeping Corporate Overhaul As Term Wanes

Law360 (October 9, 2019, 9:09 PM EDT) -- With only a few weeks left in an eventful two decades on the nationally important Delaware bench, retiring Chief Justice Leo E. Strine Jr. has called for a sweeping overhaul of American corporate governance, aimed at countering what he sees as failures to expand long-term investment, sustainable business practices and fair sharing of gains with workers.

The call came in a 25-page paper titled "Toward Fair and Sustainable Capitalism," published by the University of Pennsylvania Law School's Institute for Law and Economics. It telegraphs its scope in a 35-word subtitle tagging the document as, in part, a comprehensive proposal for "reorienting our...

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