Swords into Dow Shares: Governing the Decline of the Military- Industrial Complex
Cover -- Half Title -- Title -- Copyright -- Contents -- List of Acronyms -- Preface -- Acknowledgments -- Introduction -- The Realm of Law -- The Case of Defense Adjustment -- Making Government Contractors More Accountable -- Implications -- 1 The Crisis of Corporate Governance -- The Contractarian Paradigm: Shareholder Primacy in a Nexus of Contracts -- Enabling Institutions -- Challenging Models and Institutions -- The Need for a New Model -- 2 Governing Defense Contractors -- The Organization of the U.S. Defense Industry -- Managing Uncertainty -- Multiple Principals, Multiple Goals -- Managing Uncertainty by Shifting Risks -- Contractors' Fiduciary Obligations to the Public -- 3 Adjusting to the Drawdown -- The Downturn in Defense Spending -- Corporate Responses -- The Post–Cold War Regulatory Regime -- State Support for Shareholder Primacy -- 4 General Dynamics: The Shareholder Success Story of the 1990s -- Warning Signs -- Shareholder Values -- Sticking to Its Knitting -- Reorganizing Production at Electric Boat -- Within the Purview of the Law -- 5 Redistributing Risks and Rents at General Dynamics -- The State and Taxpayers as Risk-Bearers -- Employees and Local Governments as Risk-Bearers -- Shareholders as Risk-Shifters -- 6 Accommodating Public Interests in Corporate Change -- Accountability through Popular Participation -- Accountability through Contracts and Regulation -- Accountability in Practice -- Accountability through Corporate Governance Reform -- A Proper Symmetry of Obligation, -- References -- Index