Shareholder Primacy v. Director Primacy
Carnivores of corporate law are treated to copious red meat in a spirited online discussion between scholars who espouse the "shareholder primacy" view of corporations as compared with the school of thought that favors the "director primacy' viewpoint. Here is a post by J.W. Verret , a former Chancery Court law clerk, on the Harvard Corporate Governance Blog, and here is a retort by Professor Bainbridge. Each post includes multiple links to the writings of the respective authors as well as to other scholarly works that address the arguments on both sides of the table in more detail.
UPDATE: Here is a post by Professor Bainbridge with excerpts from the new book he is writing on Director Primacy.
UPDATE II: Here is a post by J. W. Verret replying to Prof. Bainbridge's response to his initial HLS post.
Verret continued the debate at http://reneejones.wordpress.com/