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Christina Sautter

@csautter.bsky.social
1.1K followers 259 following 74 posts

Associate Dean for Research & Law Prof, SMU Dedman School of Law. Co-Founder, Secretary, Bd Director-Center for Retail Investors & Corporate Inclusion. Fascinated by #WirelessInvestors SSRN: bit.ly/SautterPapers

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Christina Sautter @csautter.bsky.social · 22/08/2026
New on SSRN: The Shareholding Rights Shift from India to Delaware and Texas (w/ Aditya Baheti). We argue American corporate law has become shareholding-centric rather than shareholder-centric using India as a comparative mirror to DE and TX. Download it and tell me what you think! bit.ly/IndiaTXDE
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Christina Sautter @csautter.bsky.social · 08/08/2026
New co-authored book chapter: The Incorporation Ritual, in The Nature of Corporations (Edinburgh Univ. Press, forthcoming 2027). We trace incorporation’s ritual lineage from the founding of Rome to the modern filing window, and ask what free chartering discarded. ssrn.com/abstract=7194158
ssrn.com
The Incorporation Ritual
What makes a business worth the corporate form? From Rome through England and America, the corporate form was granted only after an assessment that the undertak
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Christina Sautter @csautter.bsky.social · 07/07/2026
Yesterday, Sergio Alberto Gramitto Ricci & I submitted a comment letter to the SEC opposing the SEC’s proposal to make quarterly reporting optional and to allow reporting companies to instead submit semiannual reports on Form 10-S. You can download the letter on SSRN. papers.ssrn.com/sol3/papers....
papers.ssrn.com
Comment Letter on SEC's Proposed Rule on Semiannual Reporting, File No. S7-2026-15
<p>This comment letter responds to the Securities and Exchange Commission's proposed Release Nos. 33-11414; 34-105368; 39-2563; IC-36140; File No. S7-2026-15 –
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Christina Sautter @csautter.bsky.social · 25/05/2026
ExxonMobil’s shareholder meeting is May 27. After NYC Comptroller heavily relied upon my work in its letter to Exxon shareholders, Exxon decided to take shots at me w/out substantively engaging w/ my arguments. I have responded in a CLS Blue Sky Blog post clsbluesky.law.columbia.edu/2026/05/21/e...
clsbluesky.law.columbia.edu
ExxonMobil’s Planned Domicile Change Is a Test of the Leopard Paradigm
ExxonMobil’s proposal to change its domicile from New Jersey to Texas offers an important test of a principle that, in a forthcoming article, Corporate Disenfranchisement, Sergio Alberto Gramitto R…
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Christina Sautter @csautter.bsky.social · 10/05/2026
I just signed a @theactionnetwork.bsky.social petition: Act Now: Help Save the Vital Shareholder Proposal Rule. Sign here: actionnetwork.org/petitions/ac...
actionnetwork.org
Act Now: Help Save the Vital Shareholder Proposal Rule
Every day, decisions made inside public companies affect retirement savings across the country. Shareholder proposals are way investors raise concerns, manage risk, and protect long-term value before ...
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Christina Sautter @csautter.bsky.social · 06/05/2026
Rare to see my scholarship have an impact in real time. NYC Comptroller's Office cites my op-eds and Corporate Disenfranchisement (w/ Sergio Alberto Gramitto Ricci) in its letter to ExxonMobil shareholders ahead of the May 27 vote www.sec.gov/Archives/edg...
sec.gov
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Christina Sautter @csautter.bsky.social · 02/05/2026
Although I’ve already been here for a week, better late than never to say that I am spending a couple of weeks teaching corporate and securities law at the University of Milan. It’s fantastic to be here!
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Christina Sautter @csautter.bsky.social · 02/05/2026
Law360 published an OpEd I wrote on ExxonMobil’s retail investor voting program and financial literacy education (particularly corporate governance literacy). Check out the OpEd here: www.law360.com/articles/246...
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Christina Sautter @csautter.bsky.social · 01/04/2026
New in the Texas Lawbook: my analysis of ExxonMobil’s reincorporation vote. The board calls it a path to “maximizing shareholder value.” But it gives the board the keys to restrict shareholder rights whenever it wants, without asking shareholders first. texaslawbook.net/the-texas-re...
texaslawbook.net
The Texas Reincorporation Trap — What the ExxonMobil Vote Reveals About Board Power - The Texas Lawbook
ExxonMobil’s shareholders are being asked to cast a vote this May that they may not fully understand. The company’s board has unanimously recommended moving its state of incorporation from New Jersey ...
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Christina Sautter @csautter.bsky.social · 20/03/2026
My new Bloomberg Law op-ed: ExxonMobil is asking shareholders to vote YES on a move that cld ultimately limit their rights. Most won’t realize it until it’s too late. It’s what Sergio Gramitto Ricci & I dub the Leopard Paradigm in action. 🐆 news.bloomberglaw.com/legal-exchan...
news.bloomberglaw.com
Exxon Texas Move Should Prompt Shareholders to Read Fine Print
Opinion: “Maximize shareholder value” is a phrase that deserves scrutiny. Because ExxonMobil’s proposed move may or may not maximize value for its shareholders. What it will unquestionably maximize, h...
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Christina Sautter @csautter.bsky.social · 12/03/2026
I’m delighted to announce that “Corporate Disenfranchisement” co-authored with Sergio Alberto Gramitto Ricci will be published in the UC Irvine Law Review & is now available for downloading on @SSRN.bsky.social: papers.ssrn.com/sol3/papers.... We’d love to hear any comments you might have!
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Christina Sautter @csautter.bsky.social · 23/02/2026
📄 New on SSRN: “Corporate Disenfranchisement,” coauthored with @sergioalberto_ - exploring how shareholders are systematically losing their voice in corporate governance. Read & download on @SSRN: bit.ly/corpdis
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Christina Sautter @csautter.bsky.social · 31/01/2026
New post w/ Sergio Gramitto Ricci: Before #FinTok, corporate gadflies like Wilma Soss educated investors via 1950s radio programs. The legacy continues w/ Jim McRitchie & CorpGov.net. corporatelawacademic.wordpress.com/2026/02/01/b...
corporatelawacademic.wordpress.com
Before Finfluencers Were Iconic Shareholders: Post #6 for the Blogposium on Finfluencers
Guest post by Christina Sautter and Sergio Alberto Gramitto Ricci* Today, finfluencers dominate social media platforms like TikTok, YouTube, X, and Instagram, reaching millions of retail investors …
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Christina Sautter @csautter.bsky.social · 06/01/2026
Read my Bloomberg Law OpEd “Texas Corporate Reforms Silence Retail Shareholders—By Design” arguing amendments to the Texas Code are designed to disenfranchise retail investors despite being advertised as furthering “shareholder democracy” @SMULawSchool news.bloomberglaw.com/legal-exchan...
news.bloomberglaw.com
Texas Corporate Reforms Silence Retail Shareholders—By Design
Opinion: By erecting barriers to shareholder litigation and proposals and codifying near-absolute deference to board decisions, Texas has enshrined into law corporate America’s central fiction: that s...
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Christina Sautter @csautter.bsky.social · 13/11/2025
M&A students & profs - Office Hours on Mergers and Acquisitions was released on the West Academic Study Aids & Reference Collection site. There’s 12 recordings (plus transcripts) covering the basics of M&A: subscription.westacademic.com/Book/Detail?...
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Christina Sautter @csautter.bsky.social · 19/09/2025
Very much looking forward to participating in the “Investor Preferences and Corporate Governance” workshop to be held at the University of Bologna and co-sponsored by the Center for Retail Investors & Corporate Inclusion. I’ll be presenting my WIP “Corporate Disenfranchisement”
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Christina Sautter @csautter.bsky.social · 28/07/2025
SMU Law is looking to hire 2 entry-level, tenure-track faculty members in Civ Pro & Leg Reg and Law & Tech, inc AI. Candidates must apply by Sept 15 via Interfolio (link 👇) to be considered. I’m on the appointments Cmte & happy to answer questions apply.interfolio.com/17006
apply.interfolio.com
Apply - Interfolio {{$ctrl.$state.data.pageTitle}} - Apply - Interfolio
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Christina Sautter @csautter.bsky.social · 14/07/2025
Colleen Baker & I wrote a short piece titled “Democratization of the Private Markets?” focusing on closed-end funds investing in private company equity. It was just published by Transactions: The Tennessee Journal of Business Law. papers.ssrn.com/sol3/papers....
papers.ssrn.com
Democratization of the Private Markets?
<p><span>U.S. initial public offerings are declining and the amount of private market assets under management are exploding. Simultaneously, the number of retai
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Reposted by Christina Sautter
Sarah C. Haan @sarahhaan.bsky.social · 09/07/2025
So great to sit down w/ the Bite-Sized Business Law Podcast, @csautter.bsky.social & Sergio Gramitto Ricci to talk about democracy & corporations. You can't understand what's going on in U.S. politics w/out understanding what happened to "corporate democracy." podcasts.apple.com/us/podcast/a...
podcasts.apple.com
A Corporate Government
Podcast Episode · Bite-Sized Business Law · 07/08/2025 · 44m
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Christina Sautter @csautter.bsky.social · 02/07/2025
Great speaking with Columbia Journalism Review - Paramount will pay Trump $16 million to settle "60 Minutes" suit.! 🦋 www.cjr.org/news/paramou...
cjr.org
Paramount Will Pay President Trump $16 Million to Settle 60 Minutes Lawsuit
“It is a dark day for independent journalism,” says Sen. Bernie Sanders.
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Christina Sautter @csautter.bsky.social · 23/06/2025
I wrote a short commentary on Delaware SB 21 for @promarket.bsky.social. Check it out below!
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Reposted by Christina Sautter
Ben Waber @bwaber.bsky.social · 20/06/2025
First was a fantastic discussion with Sergio Alberto Gramitto Ricci and @csautter.bsky.social on the history of the concept of shareholder democracy and its fraught present on @busscholarship.bsky.social. Highly recommend www.youtube.com/watch?v=61kz... (2/7)
youtube.com
Business Scholarship Podcast - Ep.249 – Sergio Alberto Gramitto Ricci and Christina Sautter on...
YouTube video by Business Scholarship Podcast
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Christina Sautter @csautter.bsky.social · 20/06/2025
Want to hear how shareholder democracy is a lie? Check out the latest episode of the @busscholarship.bsky.social hosted by @AndrewjJennings.bsky.social. Sergio Gramitto Ricci (@hofstra.baky.social) & I were delighted to talk about “The Shareholder Democracy Lie” m.youtube.com/watch?v=61kz...
m.youtube.com
Business Scholarship Podcast - Ep.249 – Sergio Alberto Gramitto Ricci and Christina Sautter on...
YouTube video by Business Scholarship Podcast
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Christina Sautter @csautter.bsky.social · 09/06/2025
Sergio Gramitto Ricci & I were invited to write an Encyclopedia entry on Compliance for Stakeholders and Reputation. We’d love to get your feedback! You can download it here: papers.ssrn.com/sol3/papers....
papers.ssrn.com
Compliance for Stakeholders and Reputation
This draft encyclopedia entry examines the evolving relationship between corporate compliance and reputation management in contemporary business environments. I
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Christina Sautter @csautter.bsky.social · 02/06/2025
Very excited to be named Associate Dean for Research at SMU Law School. Looking forward to promoting the great work of our outstanding faculty and community! www.smu.edu/law/news-eve...
smu.edu
Professor Christina Sautter Named Associate Dean for Research
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Christina Sautter @csautter.bsky.social · 14/05/2025
⁦‪Sergio Gramitto Ricci & I have been saying that retail investors are here to stay. . . investorsobserver.com/news/record-...
investorsobserver.com
Record Main Street and Wall Street divide: Individual investors been buying stocks for 21 weeks straight | Investorsobserver
“This is a much larger divergence between retail and institutional investors than during the 2022 bear market”
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Christina Sautter @csautter.bsky.social · 18/04/2025
I’m overdue posting this here but I had the most fantastic Ph.D. students at Bocconi last week for my US Securities Law/US Shareholding seminar. Many thanks to Giovanni Strampelli & Gaia Balp for inviting & hosting me. My students gave me permission to post this pic
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Christina Sautter @csautter.bsky.social · 13/04/2025
It was great speaking with Phil Prazan and Gromer Jeffers on NBC DFW about M&A and market uncertainty www.nbcdfw.com/news/politic...
nbcdfw.com
Lone Star Politics: April 13, 2025
Musical chairs comes after AG ken Paxton announces Senate run. Plus, we speak to an expert about if business deals may dry up amid tariff uncertainty. NBC 5’s Phil Prazan and Gromer Jeffers with the D...
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Christina Sautter @csautter.bsky.social · 07/04/2025
Very excited to be at Università Bocconi this week teaching a Ph.D. in Law (Business Law Concentration) seminar on U.S. Securities Law/U.S. Shareholding. Many thanks to Giovanni Strampelli & Gaia Balp for the invitation. Thanks also to Hao Jiang for welcoming me today!
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Christina Sautter @csautter.bsky.social · 12/03/2025
I presented “The Shareholder Democracy Lie” (co-authored w/ Sergio Gramitto Ricci & Dan Greenwood of Hofstra Law & forthcoming in Florida Law Review) ystrdy at the University of Glasgow School of Law. Big thnx to the faculty for their feedback & to Konstantinos Sergakis for hosting me!
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Christina Sautter @csautter.bsky.social · 06/03/2025
A new set of wireless investors has begun to be born - Generation Beta. As ⁦‪@WSJ‬⁩ reports, their lives will be shaped by AI & technology like never before. I suspect this generation will begin to invest at a younger age & transform investing norms www.wsj.com/lifestyle/a-...
wsj.com
A New Generation Is Here. Its Name Is Already an Insult.
Generation Beta takes its name from the Greek alphabet, but for some parents—and every school-age child—its connotation is less than scholarly.
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Christina Sautter @csautter.bsky.social · 05/03/2025
Check out Sergio Gramitto Ricci, Dan Greenwood, & my @clsblue.bsky.social blog post about our article “The Shareholder Democracy Lie” forthcoming in the Florida Law Review clsbluesky.law.columbia.edu/2025/03/05/s...
clsbluesky.law.columbia.edu
Shareholder Democracy Is a Corporate Governance Myth That Won’t Die – CLS Blue Sky Blog
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Christina Sautter @csautter.bsky.social · 25/02/2025
Many thanks to @nellminow.bsky.social for featuring The Shareholder Democracy Lie and providing her feedback on our articles valueedgeadvisors.com/2025/02/24/n...
valueedgeadvisors.com
New Scholarship: The Shareholder Democracy Lie
Sergio Alberto Gramitto Ricci (Hofstra University), Daniel J.H. Greenwood (Hofstra University), and Christina M. Sautter (Southern Methodist University) wrote an article about the gulf between the …
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Christina Sautter @csautter.bsky.social · 24/02/2025
Looking forward to spending the next 5 weeks as a Visiting Scholar at the University of Edinburgh, Edinburgh Law School. Many thanks to David Cabrelli and Jonny Hardman for hosting me!
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Christina Sautter @csautter.bsky.social · 20/02/2025
It looks like the link in my post isn’t working - here’s the link papers.ssrn.com/sol3/papers....
papers.ssrn.com
The Shareholder Democracy Lie
<p>This Article critically examines the fallacious nature of “shareholder democracy” rhetoric and its implications for corporate governance, political democracy
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Christina Sautter @csautter.bsky.social · 20/02/2025
I’m delighted to announce that “The Shareholder Democracy Lie” co-authored with Sergio Alberto Gramitto Ricci & Daniel Greenwood will be published in the Florida Law Review & is now available for downloading on @SSRN.bsky.social bit.ly/ShareholderD.... We’d love to hear any comments you might have!
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Christina Sautter @csautter.bsky.social · 19/02/2025
Many thanks to @ssrn.bsky.social for featuring Colleen Baker and my paper “Democratization of the Private Markets?” Download it on SSRN using the below link. It’s forthcoming in Transactions: The Tennessee Journal of Business Law. papers.ssrn.com/sol3/papers....
papers.ssrn.com
Democratization of the Private Markets?
<p><span>U.S. initial public offerings are declining and the amount of private market assets under management are exploding. Simultaneously, the number of retai
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Christina Sautter @csautter.bsky.social · 04/02/2025
Also, looking forward to presenting Sergio Alberto Gramitto Ricci & my WIP “The Conundrum of Collective Decision-making from the Greek City-State to Virtual Shareholder Meetings” tomorrow at Dublin City University
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Christina Sautter @csautter.bsky.social · 04/02/2025
Looking forward to spending the next 3 weeks as a Visiting Scholar at Dublin City University’s School of Law and Government. Many thanks to Goran Dominioni for the invitation and for hosting me!
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Christina Sautter @csautter.bsky.social · 16/01/2025
As Colleen Baker writes in her latest post on Business Law Prof Blog, private markets are all the rage. That’s why we wrote “Democratization of the Private Market?” Check out her blog post about our short piece. Link to the article in the post. www.businesslawprofessors.com/2025/01/prof...
businesslawprofessors.com
Professors Baker and Sautter on "Democratization of the Private Markets?"
Increasingly, it seems like not a day goes by without my reading some story in the financial press about the growth of and developments in private capital
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Christina Sautter @csautter.bsky.social · 07/01/2025
Looking forward to speaking tmrw on the Financial Regulation in Cyberspace panel @ #AALS2025. Financial literacy & corp gov education are crucial as as technology breaks down barriers to investing, as @sergioalberto_ & I argued in “The Educated Retail Investor” bit.ly/EducInvest
bit.ly
The Educated Retail Investor: A Response to 'Regulating Democratized Investing'
The diffusion of mobile-first investing apps, like Robinhood, has increased retail investor participation in financial markets, particularly from the Millennial
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Christina Sautter @csautter.bsky.social · 03/01/2025
Is anyone teaching Mergers & Acquisitions this semester? Or any students taking M&A? I co-authored a treatise just for you which was published by West Academic Press. Click on the link below or look for it on the West Academic Study Aids website. faculty.westacademic.com/Book/Detail?...
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Christina Sautter @csautter.bsky.social · 21/12/2024
New Paper! Colleen Baker (OK Business School) & I wrote “Democratization of the Private Markets” exploring one aspect of the explosive growth in private co assets - closed-end funds (CEFs) which invest in private companies. Download it on SSRN at the link below bit.ly/DemoPrivMarkets
bit.ly
Democratization of the Private Markets?
<p><span>U.S. initial public offerings are declining and the amount of private market assets under management are exploding. Simultaneously, the number of retai
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Christina Sautter @csautter.bsky.social · 20/12/2024
Today was my last day as a Visiting Fellow @ LSE Law. What a fantastic experience being immersed in the life of LSE. Many thanks in particular to the Business & Financial Law Hub for welcoming me into their weekly gatherings with open arms and to my host Eva Micheler!
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Christina Sautter @csautter.bsky.social · 04/12/2024
Very much looking forward to presenting my WIP “Democratization of Private Markets?” co-authored w/ Colleen Baker today at LSE Law. It details efforts to open up private company mkts to retail investors & focuses on funds of private company shares using Destiny Tech100 as a case study
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Christina Sautter @csautter.bsky.social · 02/12/2024
I can’t wait for the Delaware Supreme Court opinion in this bc you know there will be an appeal www.nytimes.com/2024/12/02/b... via @nytimes.com
nytimes.com
Elon Musk’s $50 Billion Tesla Pay Can’t Be Reinstated, Delaware Judge Rules
The judge said she would not reverse her decision to strike down the compensation package after Tesla shareholders approved Mr. Musk’s pay a second time.
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Christina Sautter @csautter.bsky.social · 25/11/2024
Sergio Alberto Gramitto Ricci & Dan Greenwood (neither of whom are on here yet) have posted their latest article “Total Governance” which is forthcoming in the Journal of Corporation Law on @ssrn.bsky.social. Download it here papers.ssrn.com/sol3/papers....
papers.ssrn.com
Total Governance
Everyone has values which conflict with the sheer maximization of profit. When those conflicts occur, virtually no one will consistently choose profit over conf
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Christina Sautter @csautter.bsky.social · 24/11/2024
I’m very much looking forward to presenting “The Shareholder Democracy Lie” tomorrow, Monday, November 25 at Hofstra Law along with my co-authors Sergio Alberto Gramitto Rici and Daniel Greenwood
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Christina Sautter @csautter.bsky.social · 18/11/2024
I presented my co-authored WIP “The Shareholder Democracy Lie” at the University of Edinburgh last week. Many thanks to @akamalnath.bsky.social for being the designated commentator and to David Cabrelli and Jonny Hardman for hosting. Many thanks to the participants for their insightful feedback!
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Christina Sautter @csautter.bsky.social · 18/11/2024
I recently co-founded the non-profit the Center for Retail Investors & Corporate Inclusion aimed at facilitating financial literacy & corporate governance literacy & furthering research on retail investors. If you haven’t done so yet, give it a follow on LinkedIn www.linkedin.com/company/rici...
linkedin.com
Center for Retail Investors &amp; Corporate Inclusion | LinkedIn
Center for Retail Investors &amp; Corporate Inclusion | 269 followers on LinkedIn. Non-profit organization being formed to develop and provide corporate governance and financial literacy education for...
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