The love affair here is between the Delaware courts, members of the legal community and corporate boards – all living large at the expense of share owners.

Delaware’s “Art of Judging” is a kabuki dance that seeks to perpetuate it’s lock on corporate registrations and does little for share owners. The solution is not to be enamored by Vice-Chancellor Strine’s brilliance and passion but to make him irrelevant.

Let’s consider the possibility that, as with any power structure in place too long, it has degenerated into a self-serving charade unable and unwilling to self-correct. The solution here is to federalize corporate governance with primacy given to equity owners.

I can hear the ‘pshaws’ at Libby’s now.