Our favorite corporate law scholar, the prolific Professor Bainbridge, provides scholarly insights that compare the current position of large U.S. corporations represented on the Business Roundtable with the public statement of the group in 2019 that heralded a new age of corporate governance that focused on ESG and related social justice goals–instead of shareholder value maximization that had been the longstanding bedrock principle for all corporations.

Turns out that statement, with all its fanfare, was just greenwashing by the BRT. The good professor cites to his book on shareholder value maximization and other scholarship as part of his commentary on a recent Wall Street Journal story in which leading CEOs boast about shrinking their workforces and embracing AI.

Read both articles at the above links.