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Michael Klausner (born 1954) is the Nancy and Charles Munger Professor of Business and Professor of Law at Stanford Law School. He has been a member of the Stanford Law School faculty since 1997. He works in the areas of corporate law,
corporate governance Corporate governance is defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions ...
, and
financial regulation Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handle ...
.


Education

Klausner graduated
summa cum laude Latin honors are a system of Latin phrases used in some colleges and universities to indicate the level of distinction with which an academic degree has been earned. The system is primarily used in the United States. It is also used in some Sou ...
from the
University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a Private university, private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest- ...
with a
Bachelor of Arts Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four yea ...
in Political Science and Urban Studies. He went on to study law at
Yale Law School Yale Law School (Yale Law or YLS) is the law school of Yale University, a private research university in New Haven, Connecticut. It was established in 1824 and has been ranked as the best law school in the United States by '' U.S. News & World ...
, earning a
Juris Doctor The Juris Doctor (J.D. or JD), also known as Doctor of Jurisprudence (J.D., JD, D.Jur., or DJur), is a graduate-entry professional degree in law and one of several Doctor of Law degrees. The J.D. is the standard degree obtained to practice l ...
with a joint
Master of Arts A Master of Arts ( la, Magister Artium or ''Artium Magister''; abbreviated MA, M.A., AM, or A.M.) is the holder of a master's degree awarded by universities in many countries. The degree is usually contrasted with that of Master of Science. Tho ...
in Economics. At Yale, Klausner was the Notes and Topics editor for the Yale Law Journal.http://www.law.stanford.edu/display/images/dynamic/people_cv/klausner_cv.pdf


Academic and professional career

After finishing law school in 1981, Klausner clerked for Justice William J. Brennan Jr. of the U.S. Supreme Court and Judge
David L. Bazelon David Lionel Bazelon (September 3, 1909 – February 19, 1993) was a United States circuit judge of the United States Court of Appeals for the District of Columbia Circuit. Education and career Bazelon was born in Superior, Wisconsin, the son o ...
of the
U.S. Court of Appeals for the District of Columbia Circuit The United States Court of Appeals for the District of Columbia Circuit (in case citations, D.C. Cir.) is one of the thirteen United States Courts of Appeals. It has the smallest geographical jurisdiction of any of the U.S. federal appellate cou ...
. He then worked as an associate with Paul, Weiss, Rifkind, Wharton & Garrison and Gibson, Dunn & Crutcher. Following his work as a corporate law practitioner, Klausner served as a White House Fellow in the Office of Policy Development under George H. W. Bush. In 1991, he joined the
New York University School of Law New York University School of Law (NYU Law) is the law school of New York University, a private research university in New York City. Established in 1835, it is the oldest law school in New York City and the oldest surviving law school in ...
faculty as a professor until 1997 when he became a professor at Stanford.


Key works

*Michael Klausner, Outside Director Liability, 58 Stanford Law Review 1055 (2006). (with Bernard Black and Brian Cheffins) *Michael Klausner, Outside Director Liability: A Policy Analysis, 162 Journal of Institutional and Theoretical Economics 5 (2006). (with Bernard S. Black and Brian R. Cheffins) *Michael Klausner, When Time Isn't Money: Foundation Payouts and the Time Value of Money, 41 Exempt Organization Tax Review 421-428 (September 2003). *Robert M. Daines and Michael Klausner, Do IPO Charters Maximize Firm Value? Antitakeover Protection in IPOs, 17 Journal of Law, Economics, & Organization 83-120 (April 2001). *Michael Klausner, Corporations, Corporate Law, and Networks of Contracts, 81 Virginia Law Review 757-852 (1995).


See also

*
List of law clerks of the Supreme Court of the United States (Seat 3) Law clerks have assisted the justices of the United States Supreme Court in various capacities since the first one was hired by Justice Horace Gray in 1882. Each justice is permitted to have between three and four law clerks per Court term. Mo ...


References

{{DEFAULTSORT:Klausner, Michael 1954 births Living people Law clerks of the Supreme Court of the United States Paul, Weiss, Rifkind, Wharton & Garrison people People associated with Gibson Dunn People from Stanford, California Stanford Law School faculty University of Pennsylvania alumni Yale University alumni