Rethinking 'Political' Considerations in Investment

David H. Webber, Boston University School of Law


This is a transcript of my remarks as 2016 Visiting Scholar in Corporate and Business Law at Delaware Law Widener University, delivered to the members of the Delaware Judiciary and Bar at the Wilmington Club on September 12, 2016. I introduce the idea of multipreference shareholders whose interests may at times depart from maximizing returns, and I address the question more generally on taking so-called "political" considerations into account when making investment decisions. I argue that political pressures are increasing in the investment world "everywhere at the same time."