Joseph Grundfest, a Stanford University law and business professor and former Securities and Exchange commissioner, is being squeezed out of Oracle's board of directors after joining a new corporate governance research center at Stanford Law School. One Oracle board member said that in his new position, Grundfest "will be an advocate for experimental thinking in corporate governance" and "may embrace new ideas that are not mainstream or adopted by large companies such as Oracle."
May 23, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Next thing you know, they’ll be calling Joseph Grundfest a radical.
The Stanford University law and business professor and former Securities and Exchange commissioner is being squeezed out of Oracle’s board of directors after joining a new corporate governance research center at Stanford Law School. Oracle announced May 16 that Grundfest’s last day will be June 2, on the close of the company’s fiscal year. He has served on Oracle’s board since October 2001.
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