Comments on: Split Decision in Delaware http://blog.craigslist.org/2010/09/split-decision-in-delaware/ Wed, 14 Mar 2012 22:21:53 +0000 http://wordpress.org/?v=2.5 By: Karen Caldwell http://blog.craigslist.org/2010/09/split-decision-in-delaware/#comment-206111 Karen Caldwell Tue, 28 Sep 2010 08:46:07 +0000 http://blog.craigslist.org/?p=170#comment-206111 After reading the "today's ruling" and many news articles it seems so very clear that eBay was/is acting in Bad Faith. eBay should have disclosed their plans to compete "head-on". But it sounds like the judge was fair in realizing that there is indeed a vast difference between CL and eBay's history of monetization and culture and that allowing eBay a seat on the board would not be in the best interest for CL. In my opinion a long history of good core values is always better, and stronger, than a history mainly focused on monetization. Keep up the great work CL! After reading the “today’s ruling” and many news articles it seems so very clear that eBay was/is acting in Bad Faith. eBay should have disclosed their plans to compete “head-on”. But it sounds like the judge was fair in realizing that there is indeed a vast difference between CL and eBay’s history of monetization and culture and that allowing eBay a seat on the board would not be in the best interest for CL. In my opinion a long history of good core values is always better, and stronger, than a history mainly focused on monetization. Keep up the great work CL!

]]> By: Phil Koenig http://blog.craigslist.org/2010/09/split-decision-in-delaware/#comment-202205 Phil Koenig Mon, 20 Sep 2010 18:45:12 +0000 http://blog.craigslist.org/?p=170#comment-202205 @Drew: Great news on those new corporate forms - heartening! I also wonder if it might benefit CL to re-incorporate under one of those new forms. (Though I imagine the reason CL incorporated in Delaware are similiar to the reasons so many other companies do - because the corporate regulations in DE are much more lenient than they are in most other states.) @Drew: Great news on those new corporate forms - heartening!

I also wonder if it might benefit CL to re-incorporate under one of those new forms. (Though I imagine the reason CL incorporated in Delaware are similiar to the reasons so many other companies do - because the corporate regulations in DE are much more lenient than they are in most other states.)

]]> By: hedda http://blog.craigslist.org/2010/09/split-decision-in-delaware/#comment-201529 hedda Sun, 19 Sep 2010 06:54:03 +0000 http://blog.craigslist.org/?p=170#comment-201529 I wonder how this decision will play out. Clearly it leaves the staggered board scheme intact so eBay can be effectively shut out from forcing a director onto the board. Will either side appeal any part of the decision, or simply follow through with the opposing suit in CA? Does eBay have any course of action, any leverage? I wonder how this decision will play out. Clearly it leaves the staggered board scheme intact so eBay can be effectively shut out from forcing a director onto the board. Will either side appeal any part of the decision, or simply follow through with the opposing suit in CA? Does eBay have any course of action, any leverage?

]]> By: Beverley http://blog.craigslist.org/2010/09/split-decision-in-delaware/#comment-201277 Beverley Sat, 18 Sep 2010 14:11:53 +0000 http://blog.craigslist.org/?p=170#comment-201277 Bravo Craigslist!...and all who support it. Bravo Craigslist!…and all who support it.

]]> By: Drew http://blog.craigslist.org/2010/09/split-decision-in-delaware/#comment-200953 Drew Fri, 17 Sep 2010 18:57:01 +0000 http://blog.craigslist.org/?p=170#comment-200953 In response to the Sept 11 post by Phil Koenig: Yes, corporate law does need to change so that companies can have a purpose beyond the maximization of shareholder wealth. Luckily, this is in the works. Maryland and Vermont now have the "benefit corporation." And, California may soon have a "flexible purpose corporation." (See http://charitylawyerblog.com/2010/09/08/what-is-a-flexible-purpose-corporation-by-keren-raz/) Craigslist should follow the CA legislation and consider reincorporating when the new form becomes available! In response to the Sept 11 post by Phil Koenig: Yes, corporate law does need to change so that companies can have a purpose beyond the maximization of shareholder wealth. Luckily, this is in the works. Maryland and Vermont now have the “benefit corporation.” And, California may soon have a “flexible purpose corporation.” (See http://charitylawyerblog.com/2010/09/08/what-is-a-flexible-purpose-corporation-by-keren-raz/) Craigslist should follow the CA legislation and consider reincorporating when the new form becomes available!

]]> By: Brian Fleming http://blog.craigslist.org/2010/09/split-decision-in-delaware/#comment-200752 Brian Fleming Fri, 17 Sep 2010 08:37:18 +0000 http://blog.craigslist.org/?p=170#comment-200752 By what I've seen, the attack on Craigslist is a desperate, manipulative undertaking by self-righteous people that couldn't get there way through legal means, the courts. By over emphasizing the negatives that have occurred and misrepresenting the facts to the general public they are getting their way. I saw no evidence presented, in what I have read, proving the "Child Trafficking" is rampant and the number of violent encounters between the women advertising and the customers is ridiculously low in comparison to the number of smoothly occurring transactions were taking place. Prostitution has always been around and will always be around regardless of its legality. It only became illegal in the U.S. between 1910 and 1915 for the most part due to the Woman's Christian Temperance Union. The same group that was played a major role in the Prohibition mistake. Bravo you self-righteous do gooders, your taking away arena that woman willingly in the business were afforded a degree of safety. I think the Green River Killer may have accomplished more heinous deeds than all that has occurred over the net to my knowledge. As for Douglas F. Gansler (D) comment, "For the most serious offenses, we hear about them afterward, when the virtual becomes real." Since when hasn't there had to be a crime committed before it's considered a crime? Give me a break. Legalize Prostitution between consenting adults, which would make it safer for a both the Prostitutes and the Johns. Then you can focus on the Child Trafficking as well as other important issues. By what I’ve seen, the attack on Craigslist is a desperate, manipulative undertaking by self-righteous people that couldn’t get there way through legal means, the courts. By over emphasizing the negatives that have occurred and misrepresenting the facts to the general public they are getting their way. I saw no evidence presented, in what I have read, proving the “Child Trafficking” is rampant and the number of violent encounters between the women advertising and the customers is ridiculously low in comparison to the number of smoothly occurring transactions were taking place. Prostitution has always been around and will always be around regardless of its legality. It only became illegal in the U.S. between 1910 and 1915 for the most part due to the Woman’s Christian Temperance Union. The same group that was played a major role in the Prohibition mistake. Bravo you self-righteous do gooders, your taking away arena that woman willingly in the business were afforded a degree of safety. I think the Green River Killer may have accomplished more heinous deeds than all that has occurred over the net to my knowledge. As for Douglas F. Gansler (D) comment, “For the most serious offenses, we hear about them afterward, when the virtual becomes real.” Since when hasn’t there had to be a crime committed before it’s considered a crime? Give me a break. Legalize Prostitution between consenting adults, which would make it safer for a both the Prostitutes and the Johns. Then you can focus on the Child Trafficking as well as other important issues.

]]> By: Carol Dunning http://blog.craigslist.org/2010/09/split-decision-in-delaware/#comment-200256 Carol Dunning Thu, 16 Sep 2010 06:37:29 +0000 http://blog.craigslist.org/?p=170#comment-200256 I say boycott E Bay-It sucks anyway. who needs it when craigslist is so much fun. I say boycott E Bay-It sucks anyway. who needs it when craigslist is so much fun.

]]> By: Acupuncture A http://blog.craigslist.org/2010/09/split-decision-in-delaware/#comment-200176 Acupuncture A Thu, 16 Sep 2010 01:57:41 +0000 http://blog.craigslist.org/?p=170#comment-200176 Congratuations to craigslist ! Congratuations to craigslist !

]]> By: Paul Arvizo http://blog.craigslist.org/2010/09/split-decision-in-delaware/#comment-199519 Paul Arvizo Tue, 14 Sep 2010 17:50:00 +0000 http://blog.craigslist.org/?p=170#comment-199519 Hooray. If Craig's list falls into the hands of the E-beam mercenaries, then the Internet will no longer belong to the people. Long live Craig's List. long live freedom. Hooray. If Craig’s list falls into the hands of the E-beam mercenaries, then the Internet will no longer belong to the people. Long live Craig’s List. long live freedom.

]]> By: Phil Koenig http://blog.craigslist.org/2010/09/split-decision-in-delaware/#comment-199317 Phil Koenig Tue, 14 Sep 2010 07:58:40 +0000 http://blog.craigslist.org/?p=170#comment-199317 Here's a nice quote I ran across today, perfect for those grandstanding Attorneys General. It's from someone I rarely quote (except ironically) but this one works quite well under the circumstances: "It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first." --Ronald Reagan Here’s a nice quote I ran across today, perfect for those grandstanding Attorneys General. It’s from someone I rarely quote (except ironically) but this one works quite well under the circumstances:

“It has been said that politics is the second oldest profession.
I have learned that it bears a striking resemblance to the first.”
–Ronald Reagan

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