The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Fri, 05 Jun 2026 16:08:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Perpetual Dual-Class Stock: The Case Against Corporate Royalty – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Perpetual Dual-Class Stock: The Case Against Corporate Royalty https://corpgov.law.harvard.edu/2018/02/16/perpetual-dual-class-stock-the-case-against-corporate-royalty/?utm_source=rss&utm_medium=rss&utm_campaign=perpetual-dual-class-stock-the-case-against-corporate-royalty https://corpgov.law.harvard.edu/2018/02/16/perpetual-dual-class-stock-the-case-against-corporate-royalty/#comments Fri, 16 Feb 2018 14:26:01 +0000 https://corpgov.law.harvard.edu/?p=105050?d=20180220100722EST Posted by Robert J. Jackson, Jr., U.S. Securities and Exchange Commission, on Friday, February 16, 2018
Editor's Note:

Robert J. Jackson, Jr. is a Commissioner at the U.S. Securities and Exchange Commission. The following post is based on Commissioner Jackson’s recent remarks at the UC Berkeley School of Law, available here. The views expressed in the post are those of Commissioner Jackson and do not necessarily reflect those of the Securities and Exchange Commission, the other Commissioners, or the Staff. Related research from the Program on Corporate Governance includes The Untenable Case for Perpetual Dual-Class Stock by Lucian Bebchuk and Kobi Kastiel (discussed on the Forum here).

My first few weeks at the SEC have been a whirlwind—and just to be clear, I am not talking about the markets. In a few short weeks, I have gotten a crash course on SEC policymaking—and enough reading to empathize with my former law students, who used to tell me, to my puzzlement, that my Corporate Law syllabus was not exactly beach material.

But in between the policy memos that come across my desk, I’ve also had the pleasure of working with my new colleagues on the SEC’s Staff. They’ve taught me a lot in a short time, and I’m grateful for their insights and assistance. The hard work and dedication of these folks gives me confidence that we are up to the challenge of making sure our financial markets are the safest, strongest, and most efficient in the world.

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