Shareholder Primacy
Free Float Media Inc.
From activist investor and advisor Mike Levin and Colorado Law professor Ann Lipton, Shareholder Primacy is a podcast about activist investing, securities law, and all the ways the financial and legal worlds intersect and collide in real life.
Episodes
Mentioned books
13 snips
Oct 1, 2025 • 44min
Mandatory Arbitration
Ann and Mike dive into the SEC's new stance on mandatory arbitration for federal securities claims. They explore how corporate charters can impose arbitration on shareholders and discuss Delaware's role in forum selection for disputes. The duo analyzes the implications of SEC changes on IPOs and the unique relevance of Section 11 claims. Key debates include whether companies will adopt mandatory arbitration and the potential backfire effects. They highlight the consequences for shareholder enforcement and legal precedents, emphasizing the importance of litigation visibility.
Sep 24, 2025 • 45min
Quarterly reporting, XOM
Ann and Mike talk about whether companies will still need to report quarterly financials and a new ExxonMobil proxy voting plan for retail shareholders
Sep 10, 2025 • 44min
TSLA director comp, AGM
Ann and Mike talk about Tesla (again) including the Delaware Supreme Court case challenging director compensation, and the new proposed pay package for Elon Musk.
Sep 3, 2025 • 43min
Constituency statutes, Intel
Ann and Mike talk about Intel and answer a mailbag question about constituency statutes in Canada and the US
Aug 6, 2025 • 35min
Musk’s pay, plus ESG and Anti-ESG Proposals
Ann and Mike talk about a new comp plan for Elon Musk at TSLA and ESG and anti-ESG proposals.
Jul 23, 2025 • 42min
Paramount and Caremark violations, CBRL advance notice bylaws
Ann and Mike talk about a threatened Caremark lawsuit against Paramount, and CBRL’s advance notice bylaw changes
Jul 16, 2025 • 34min
TSLA update, with an AGM
Ann and Mike talk about Tesla’s upcoming annual shareholder meeting
Jul 9, 2025 • 55min
Francine McKenna, The Dig
Mike talks with Francine McKenna, writer and lecturer on public accounting, on current issues and controversies in accounting and corporate governance.
Jun 25, 2025 • 38min
Andrew Droste, Columbia Threadneedle
Mike talks with Andrew Droste of Columbia Threadneedle about leading corporate governance at a prominent investment fund.
11 snips
Jun 18, 2025 • 1h 23min
Prof. Joe Grundfest and attorney Joel Fleming on Delaware contingency fees
Prof. Joe Grundfest, a legal expert from Stanford, teams up with Joel Fleming, a seasoned attorney specializing in Delaware litigation. They dive into the complexities of contingency fees in Delaware, exploring why these fees are significantly higher than in federal courts. The discussion highlights the implications of proposed legislative changes and scrutinizes the balance of attorney compensation versus client interests. They also emphasize the unique dynamics of Delaware’s legal system, which leads to more trials and offers insight into high-profile litigations like Enron.
