The United States Supreme Court has agreed to hear Jones v. Harris Associates, a case on executive pay. The case is on manager’s fees in the mutual fund industry, but the holding will likely effect corporate governance in all industries. Oral arguments are scheduled for November 2.
For coverage of the case see:
http://www.scotuswiki.com/index.php?title=Jones%2C_et_al.%2C_v._Harris_Associates (scotus wiki providing links to briefs and commentary)
http://busmovie.typepad.com/ideoblog/2009/09/more-on-paternalism-and-mutual-funds.html (Larry E. Ribstein’s coverage of commentary exchanged between several professors)