"In this dense but worthy analysis, law professor and media commentator Greenfield prescribes a new paradigm for applying constitutional law to corporations, which rejects both the left’s movement to strip corporations’ constitutional protections and the right’s aversion to more rigorous governmental regulation of their activities. In short: if individual citizens can be both protected and regulated by the Constitution, why should corporations, said to have personhood too, have the protections without obligation? Greenfield’s analysis is novel and includes a discussion of controversial Supreme Court decisions related to corporate rights, specifically Burwell v. Hobby Lobby, which concerned the religious rights of corporate shareholders, and Citizens United v. FEC, which applied the First Amendment to corporate political contributions. Greenfield argues that the current legal framework applied to corporate governance meaningfully threatens democracy because it “devalues the contributions of most Americans” and limits their political influence. He proposes abandoning corporate governance theories in which only shareholders’ economic gain matters and including other entities, such as employees and the communities in which corporations operate, in the group of stakeholders whose interests need to be considered in corporate decision-making. Some readers may find Greenfield’s proposals radical, but his attempt to balance the economic well-being of corporations and the interests of society at large is worth reading."

"For anyone interested in what constitutional rights corporations should possess, or in corporate rights and responsibilities generally, this book is a must read. Greenfield is one of the very few law professors in America with a serious background in both constitutional and corporate law, and his double expertise is reflected in almost every chapter of the book. [...] What makes this book so significant and interesting is that the author presents the legal questions, such as how much forced disclosure can the government require of companies like cigarette manufacturers (152-52), or whether corporations like Hobby Lobby should be allowed to assert religious claims under state and federal RFRA's (95-100) against the backdrop of his corporate law expertise. [...] as a matter of corporate law, the religious claim must belong to the company, not the people who run or own the company. This conclusion seems counter-intuitive (how can a company exercise religion?), but Greenfield backs it up persuasively with his deep knowledge of corporate law. [...] This is one of those rare books that would help litigators and judges enormously because the constitutional and statutory analysis is always supported by corporate law realities that should, but usually don't, inform the analysis of such claims and rights.

The final two chapters contain an impassioned plea that the law change to allow corporate directors a much freer hand in taking into account diverse interests (such as employees and community-based concerns) than the current regime which requires a focus on shareholder value. I am no corporate law expert so all I can say about those chapters is they were were fascinating and seemed persuasive to me. Greenfield's book repeatedly argues that both the law and our community should expect corporations to act more like people which would justify many of the rights he says they should be allowed to assert. For that to happen, corporate law and corporate culture need to change. To this constitutional law expert, and corporate law novice, that thesis seemed undoubtedly correct."