Regular readers of these pages over the last 18 years are familiar with one of the nation’s most prolific corporate law scholars: Professor Stephen Bainbridge, who is often cited in Delaware court decisions. His latest book weighs in on the latest craze in corporate law: ESG considerations in addition to the traditional focus on shareholder value.

The good professor provided highlights on the titular topic via his guest post about his latest book: “The Profit Motive: In Defense of Shareholder Value Maximization” at the Corporate Finance Lab blog, which is a Dutch/English legal blog on corporate finance. The post summarizes the arguments in the book rather well: