Lenore Palladino

Mar 4, 2024 | press.uchicago.edu | Lenore Palladino

On the faulty intellectual origins of shareholder primacy—and how policy can win back what’s been lost. In an era of shareholder primacy, share price is king. Businesses operate with short-term goals to deliver profits to shareholders, enjoying stability (and bonuses) in the process. While the public bemoans the doctrine for its insularity and wealth-consolidating effects, its influence over corporate governance persists.

Oct 5, 2023 | lpeproject.org | Sandeep Vaheesan |Andy Fitch |J. Benton Heath |Lenore Palladino

Imagine you’re a federal judge, or clerking for a judge, anxiously hearing your first antitrust case. A manufacturer alleges that a larger rival has marginalized it in the relevant market by entering into exclusive arrangements with all its distributors. To determine whether this action violates the law, you need to figure out what share of market foreclosure, or the percent of distribution channels tied up by the defendant in this case, is necessary to violate Section 3 of the Clayton Act.

Mar 2, 2023 | thenation.com | Todd Tucker |Lenore Palladino |Mychal Denzel Smith

On Tuesday, Commerce Secretary Gina Raimondo unveiled a key new plank in the work-in-progress known as American industrial policy. After a decades-long trade regime that permitted private oligopolies to decide where and how to produce semiconductors, the Commerce Department launched a $39 billion incentives program to give grants, loans, and other financial support to businesses and nonprofits to build chip fabrication facilities in America. The move is notable for several reasons.