Business Scholarship Podcast

Benjamin Edwards, associate professor of law at the University of Nevada, Las Vegas, joins the Business Scholarship Podcast to discuss his forthcoming article Adversarial Failure. In this article, Edwards examines the expungement process used by brokers to secure removal of customer complaints from their public records. He questions whether this process is sufficiently adversarial to protect the interests of the investing public and state regulators and offers recommendations for reform. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Anat Alon-Beck, assistant professor of law at Case Western Reserve University, joins the Business Scholarship Podcast to discuss her essay Times They Are a-Changin': When Tech Employees Revolt!. In this essay, Alon-Beck reviews recent activism by employees in the tech industry along with responses from firms' leadership. In doing so, she uses employee activism as a frame for investigating the significance of human capital in the shareholder-versus-stakeholder debate. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Donna Nagy, professor of business law at Indiana University Bloomington's Maurer School of Law, joins the Business Scholarship Podcast to discuss her essay Chiarella v. United States and its Indelible Impact on Insider Trading Law. In this essay, Nagy presents an original oral history of the first insider-trading criminal prosecution in the United States. In providing this history, Nagy traces the central role of lawyers and lawyering in the development of Rule 10b-5 theory and practice. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Andrew Baker, academic fellow at Stanford University's Rock Center for Corporate Governance and a PhD candidate at Stanford's Graduate School of Business, joins the Business Scholarship Podcast to discuss his forthcoming article Machine Learning and Predicted Returns for Event Studies in Securities Litigation. In this article, Baker and co-author Jonah Gelbach identify limitations on single-firm event studies in securities litigation and offer methods to improve their accuracy and consistency across experts. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Andrew Verstein, professor of law at UCLA, joins the Business Scholarship Podcast to discuss his forthcoming article Mixed Motives Insider Trading. In this article, Verstein observes that individuals often have proper and improper motivations to trade securities (e.g., needing cash for a child's tuition while being in possession of material non-public information about bad financials results), which complicates liability analysis for insider trading. To resolve that complication, he proposes a mixed-motives approach that balances the need to hold illicit traders accountable with the need to permit labor-intense market research. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Saule Omarova, professor of law at Cornell University, joins the Business Scholarship Podcast to discuss her proposal for a National Investment Authority (NIA), which she introduced in her article Private Wealth and Public Goods: A Case for a National Investment Authority and her white paper Why We Need a National Investment Authority. In these papers, Omarova discusses the potential for an NIA to be a long-term investing complement to the Federal Reserve's monetary role and the Treasury's fiscal role. In particular, she explains how an NIA could have mitigated the Covid-19 crisis and how it can help the nation navigate future crises. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Yonathan Arbel, assistant professor of law at the University of Alabama, joins the Business Scholarship Podcast to discuss his forthcoming article Payday. In this article, Arbel asks why workers wait weeks to receive their earned wages and offers an historical and structural account for the rise of the modern payday. He explains why the payday has the perverse effect of making workers short-term creditors to their employers. To avoid this effect, Arbel discusses means for transitioning from the payday to daily pay. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Miriam Baer, professor of law at Brooklyn Law School, joins the Business Scholarship Podcast to discuss her forthcoming article Compliance Elites. In this article, Baer evaluates the tendency of firms to hire "elite" chief compliance officers (CCOs) who have had successful prior careers in private law firms and government enforcement agencies. Although this practice does potentially signal a firm's commitment to its compliance function, Baer considers the risk that elite CCOs who have always been high performers may have "performance blind spots." These blind spots, in turn, could reduce elite CCOs' ability to assess whether performance results reflect, or performance goals encourage, fraud or other misconduct. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Mihailis Diamantis, associate professor of law at the University of Iowa, joins the Business Scholarship Podcast to discuss his forthcoming article The Corporate Insanity Defense. In this article, Diamantis complicates the respondeat superior doctrine of corporate criminal liability and considers whether a doctrine from individual prosecution–the insanity defense–could support more suitable responses to corporate crime and corporate-crime prevention. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

Yerv Melkonyan, a student at Columbia Law School, joins the Business Scholarship Podcast to discuss his forthcoming note Regulation Best Interest and the State – Agency Conflict. In this note, Melkonyan considers the potential for conflicts between the SEC's new standard for broker-dealer conduct and standards adopted by the states, including whether and, if so, to what degree, state standards have been preempted by Regulation BI. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.