Lyman Johnson on Hobby Lobby: A Landmark Corporate Law Decision

My colleague, Lyman Johnson, has a post today on Business Law Prof titled "Hobby Lobby, a Landmark Corporate Law Decision."  Herewith a sample:

As one who for decades has favored a vision of corporations (and corporate law) as being utterly conducive to serving broad social purposes -- as freely determined, of course, by the appropriate corporate decisionmakers -- and as one who supported Hobby Lobby, I found it odd to see these companies opposed by so many corporate progressives. . . .

To those on the right who favored Hobby Lobby (me) but who also favor the now-discredited position that corporate law requires profit maximizing (not me) take note:  you won the battle on religious freedom but to do so you had to suffer a major setback on corporate purpose.