When Disclosure Pays: Evidence from the Over-The-Counter Markets Summary Robert Bartlett and Colleen Honigsberg (Stanford Law School) examine the effects of the SEC’s 2020 amendments to Rule 15c2-11, which for the first time required OTC issuers to provide current periodic disclosures as a condition for retaining publicly visible broker-dealer quotations. The rule created a binary […]
Risk Management and the Board of Directors Summary This memorandum — authored by Martin Lipton and colleagues at Wachtell, Lipton, Rosen & Katz — outlines why boards must treat risk oversight as a core governance responsibility, distinct from day-to-day risk management. It surveys the legal and regulatory landscape (Delaware fiduciary law, SEC and NYSE rules, […]
Activists Say ‘Yes’ to ‘Vote No’ Campaigns in 2025 Summary The 2025 proxy season has seen a notable increase in “vote-no” or withhold campaigns aimed at directors. Diligent Market Intelligence reports 33 distinct withhold campaigns in the 12 months ended 30 June 2025, up from the low-20s in prior years. These campaigns are attractive to […]
India Plans ₹70,000 Crore Push for Shipping, Shipbuilding and Maritime Infrastructure Growth Summary The Indian government is preparing a major ₹70,000 crore package to boost the maritime sector. The plan centres on three schemes: a ₹20,000 crore Shipbuilding Fund, a ₹25,000 crore Maritime Development Fund (MDF) and a ₹25,000 crore financial assistance package for shipbuilding. […]
What Do Women Bring to the Boardroom? Evidence from Corporate Environmental Performance Summary This post summarises research by Po-Hsuan Hsu, Kai Li and Yihui Pan (forthcoming in Management Science) that examines how board gender diversity affects corporate environmental performance. Using survey evidence, firm-level environmental scores, negative environmental news measures, a natural experiment from California’s SB […]
Michigan Supreme Court Denies Appeal of Man Who Killed Poker Player Susie Zhao Summary Warning: this article discusses murder and sexual assault. The Michigan Supreme Court has declined to hear the final appeal from Jeffery Bernard Morris, who was convicted in 2022 of first-degree premeditated murder in the brutal 2020 killing of poker player and […]
Win a $12,400 WPT World Championship Package For Only $1 at WPT Global Summary WPT Global is running satellites between 21 September and 30 November that can award full WPT World Championship packages valued at more than $12,400. Winners receive a $10,400 entry to Day 1A at the 2025 WPT World Championship at Wynn Las […]
Redemption for Benjamin Rolle in WSOP Online Main Event Win for $3.9 Million Summary Benjamin Rolle, known online as “bencb789”, captured his first WSOP bracelet by winning the 2025 WSOP Online Main Event and the $3,900,707 first prize. The $5,000 buy-in event drew 5,961 entries for a $28,314,750 prize pool. Rolle — founder of Raise […]
Starbucks to close hundreds of stores as part of turnaround plan Summary Starbucks announced it will close hundreds of stores across the U.S. and Canada and lay off about 900 non-retail employees as part of a major turnaround effort. The company said closures begin immediately and expects to have 18,300 North American locations at the […]
PokerStars Doubles the Fun with APPT Manila Championship’s Return Summary PokerStars is bringing back the APPT Manila Championship for a second edition, running 16–27 October 2025 at the Coral Lounge inside Okada Manila. The 12-day festival carries more than ₱155 million in guarantees (over $2.6 million), headlined by the ₱165,000 APPT Main Event with a […]
