Contention and Trust in Cities and States

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The catalyst for this book is the fact that noted sociologist Charles Tilly, upon his death in , left one completed chapter of an unfinished manuscript entitled "Cities, States, and Trust Networks," examining the relationships between cities and nation-states over the sweep of history, and in particular the role of trust networks in mediating this relationship. Masland, U. Enwright, Mass. See also L.

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Young Spring Wire Corp. Falls, Mich. Desilets, Wash. The acquisition of its own capital stock is not ordinarily an essential corporate function, 3 Fletcher Cyc. Mid-West Chevrolet Corp.

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Securities and Exchange Commission, 75 U. Ordinarily an employee has the same rights. But if for some reason the corporation secretly intends to purchase large blocks of its capital stock in the market, and an employee acquires that knowledge in the course of his employment, the application of general principles would seem to require the conclusion that he cannot use that information for his own personal gain. Nicolai v. Desilets, supra; du Pont v. Kennedy claims that in any event no cause of action is alleged against him because it does not appear that the corporation suffered any loss through his purchase of its stock.

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The mere statement that Kennedy acquired stock and that its acquisition was "to the detriment" of the corporation is not enough. But that conclusion does not determine the case. In equity, when the breach of a confidential relation by an employee is relied on and an accounting for any resulting profits is sought, loss to the corporation need not be charged in the complaint.

Loft, Inc. Guth, 23 Del.

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Dahlen, et al. Falls, supra; Ballantine's Problems of Law, Public policy will not permit an employee occupying a position of trust and confidence toward his employer to abuse that relation to his own profit, regardless of whether his employer suffers a loss. Recent searches Clear All. Update Location. If you want NextDay, we can save the other items for later. Yes—Save my other items for later. No—I want to keep shopping. Order by , and we can deliver your NextDay items by.

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