Lynn Stout, an expert in law and economics and the former Paul Hastings Distinguished Professor of Corporate and Securities Law at UCLA School of Law, succumbed to cancer on April 16. She was 61.
Stout was a member of the UCLA Law faculty from 2001 to 2012. Before joining UCLA, she served as a professor at George Washington University Law School and Georgetown University Law Center. After leaving UCLA Law, she joined the faculty at Cornell Law School.
Widely recognized for her work in corporate governance, corporate financial regulation, ethics and economics, Stout was the author of books including The Shareholder Value Myth: How Putting Shareholders First Hurts Investors, Corporations and the Public and Cultivating Conscience: How Good Laws Make Good People.
"Lynn brought great energy, enthusiasm, and devotion to her academic pursuits," said UCLA Law Professor Iman Anabtawi, an expert in corporate and transactional law who worked with Stout during her tenure at UCLA. "She cared deeply about corporate law and governance. Her passionate voice — articulating the view that the proper purposes of the modern public corporation encompass the interests of not only shareholders but also other constituencies, such as customers, employees and communities — was influential in classrooms and boardrooms across the country. Lynn's legacy will live on through her writings and the other contributions she made to her field."
A graduate of Yale Law School who earned bachelor's and master's degrees at Princeton University, Stout worked at the Washington, D.C., law firm of Williams & Connolly for four years before pursuing a career in academia. Over the years, she served as an advisor or director for organizations including the Brookings Institution, the Aspen Institute and the American Law and Economics Association.
Eduardo M. Peñalver, dean of Cornell Law School, said in an email to colleagues that Stout "was a force of nature.
"Lynn faced her diagnosis with courage and optimism. Like the consummate scholar she was, she continued to work tirelessly on her academic projects, even throughout her treatment. In recent weeks, she completed the manuscripts to two new books that will be published in the coming year."
Stout is survived by several family members, including two sons.