Mohsen Manesh

The non-academic, non-professional musings of an academic pro.

[Mohsen Manesh @MohsenManesh]

"The premise that consumers would pay a premium for sustainably made products turned out to be flawed."

https://t.co/HUfzl6Rck6 via @WSJ

[Mohsen Manesh @MohsenManesh]

Not quite, @LeaveDelaware. The max franchise tax (paid by only the very largest corps) is $250k. Most #DExit companies are small and micro caps. The tax revenue lost to #Delaware from these DExit firms is far less than $10 M annually.

[Leave Delaware @LeaveDelaware]

Delaware Governor Matt Meyer just proposed hiking cigarette taxes by 71% to help close a $500M budget gap.

Small business owners say it'll crush sales.

But here's the question nobody's asking: Why does Delaware suddenly have a $500M hole to fill?

Could it be related to 45+ companies, worth $2+ TRILLION, leaving the state since 2024?

Just asking questions...

[Mohsen Manesh @MohsenManesh]

"Without Rule 14a-8, bylaws regulating shareholder proposals become unnecessary. No rational shareholders are going to spend their own money to solicit proxies for nonbinding resolutions."

https://t.co/obXidUuEZ2

[Mohsen Manesh @MohsenManesh]

I have a new post at the CLS Blue Sky blog on the future of shareholder proposals and #SEC Rule 14a-8:
https://t.co/obXidUuEZ2

[Mohsen Manesh @MohsenManesh]

I explain in today's Law360: "A sober assessment suggests that the current system of class actions — whatever its warts — provides critical advantages that would be lost in a regime of individualized arbitration for shareholder claims."

https://t.co/t0n4Sqkmnz

[Mohsen Manesh @MohsenManesh]

"When accommodations mean the difference between a cramped triple and your own room, when extra test time can boost your grade point average, opting out feels like self-sabotage."

https://t.co/60rjsIXaza

[Mohsen Manesh @MohsenManesh]

#Portland ranks high among cities for remote workers. I believe it. Walk into any coffee shop midday and you'll see it. Cheaper housing than #Seattle, #LA, or SF Bay . And most people live within 20 minutes of an intl airport w/ direct flights everywhere.

https://t.co/mUwgCk38pJ

[Mohsen Manesh @MohsenManesh]

Another meaningless listicle where #Portland shines!

https://t.co/NEvBreagEK

[Mohsen Manesh @MohsenManesh]

"Still, the taboo against arbitration has been broken. History shows that at least some public companies will seek to include arbitration provisions in their governing documents."

https://t.co/DFm3INulWH

[Mohsen Manesh @MohsenManesh]

My new paper on shareholder arbitration concludes that "despite warnings that the SEC’s move has opened the 'floodgates', it remains far from certain that we are soon entering an era when compelled shareholder arbitration will become widespread. "

https://t.co/KrGDiHZzKx

[Mohsen Manesh @MohsenManesh]

The #SEC may or may not act. But companies need not wait. The tools to reclaim control over shareholder proposals already exist. With another proxy season looming, the time to use them is now.

https://t.co/2Fnd81kQWa

[Mohsen Manesh @MohsenManesh]

"Companies that rely on federal regulation to manage shareholder proposals will find themselves perpetually subject to shifting political winds. Those that take matters into their own hands through tailored bylaws gain stability and predictability."

https://t.co/2Fnd81kQWa

[Mohsen Manesh @MohsenManesh]

My solution to the dysfunctions of the current shareholder proposal regime: private ordering.

https://t.co/2Fnd81kQWa

[Mohsen Manesh @MohsenManesh]

Another example. The real risk these groups face is not the SEC narrowing shareholder proposal rights. It's the SEC abolishing Rule 14a-8. https://t.co/A9mNMGtanO

[Mohsen Manesh @MohsenManesh]

I know this letter is dated, but it seems like these institutional investor groups don't fully grasp the situation. The SEC is not looking to narrow 14a-8. It's looking to end it.

https://t.co/WI5cVK5f33

[Daniel Wallach @WALLACHLEGAL]

Breaking: Massachusetts gets its preliminary injunction against Kalshi. This is the first injunction entered against a prediction market platform.

[Mohsen Manesh @MohsenManesh]

Props to Colorado, I guess?

[Mohsen Manesh @MohsenManesh]

Very cool to see the distribution of beer preferences mapped out in this way. https://t.co/INvVb6lzab

[Mohsen Manesh @MohsenManesh]

I grew up drinking #Busch, but you don’t see it much out here in PNW.