Isabelle Puppa

Isabella Puppa
Mentor: Dr. Robert Rhee
College of Law
 
"Research combines data collection, analysis, and in-depth critical thought on topics that affect our world. I wanted to be involved with Research after many discussions in class regarding finance, ethics, and their functions in society were covered on a superficial basis, and I craved more substance. I have an interest in pursuing a legal education so when it was announced that the USP expanded to allow undergraduates the opportunity to work within the College of Law, I knew this was an opportunity I had to capitalize on."

Major

Finance

Minor

Disabilities in Society

Research Interests

  • Law
  • Government Policy
  • Finance

Academic Awards

  • NHL Alumni Scholar 2014
  • Honors Program
  • Dean's List 2016
  • University Scholars Program 2016

Organizations

  • Honors Ambassadors
  • University Athletic Association
  • Florida Leadership Academy

Volunteer

  • Food Allergy Research and Education (FARE)
  • Girl Scouts
  • Various Gainesville Non-profits

Hobbies and Interests

  • Hockey
  • Comedy Writing
  • Cooking
  • Dance

Research Description

The Revlon Doctrine and its Purpose within a Corporation
It is a common debate whether a corporation has an obligation solely to maximize its profits for shareholders or whether it has duties to advance the long-term wealth of society. In the case, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., 506 A.2d 173 (Del. 1986) the Delaware Supreme Court declared that, ""In certain limited circumstances indicating that the ""sale"" or ""break-up"" of the company is inevitable, the fiduciary obligation of the directors of a target corporation are narrowed significantly, the singular responsibility of the board being to maximize immediate stockholder value by securing the highest price available."" Many arguments exist interpreting the original Revlon decision to support the idea that the board’s fiduciary duties must be focused on the welfare of shareholders. This research paper analyzes all Revlon cases in Delaware and the application of this rule as well as the theory behind basic economic principles of mergers and acquisitions and the categorization of takeover devices in order to establish the viewpoint that the Revlon doctrine does not maximize the interests of shareholders, but rather maximizes value for society at large.