Rachel Weber

• * List of Acronyms * Preface * Acknowledgments * Introduction * The Realm of Law * The Case of Defense Adjustment * Making Government Contractors More Accountable * Implications * 1. 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 * Conclusion * 4. General Dynamics: The Shareholder Success Story of the 1990s * Warning Signs * Shareholder Values * Sticking to Its Knitting * Reorganizing Production at Electric Boat * Conclusion * 5. Redistributing Risks and Rents at General Dynamics * The State and Taxpayers as Risk-Bearers * Employees and Local Governments as Risk-Bearers * Conclusion * 6. Accommodating Public Interests in Corporate Change * Accountability through Popular Participation * Accountability through Contracts and Regulation * Accountability in Practice * Accountability through Corporate Governance Reform * Conclusion * References

Rachel Weber

• * List of Acronyms * Preface * Acknowledgments * Introduction * The Realm of Law * The Case of Defense Adjustment * Making Government Contractors More Accountable * Implications * 1. 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 * Conclusion * 4. General Dynamics: The Shareholder Success Story of the 1990s * Warning Signs * Shareholder Values * Sticking to Its Knitting * Reorganizing Production at Electric Boat * Conclusion * 5. Redistributing Risks and Rents at General Dynamics * The State and Taxpayers as Risk-Bearers * Employees and Local Governments as Risk-Bearers * Conclusion * 6. Accommodating Public Interests in Corporate Change * Accountability through Popular Participation * Accountability through Contracts and Regulation * Accountability in Practice * Accountability through Corporate Governance Reform * Conclusion * References