Stephen F. Diamond

Associate Professor of Law

Stephen Diamond

Professor Stephen Diamond joined the faculty after five years as an associate at Latham & Watkins in New York and Wilson Sonsini Goodrich & Rosati in Palo Alto. He teaches courses on business law, securities law, corporate finance, corporate governance, labor issues and the global economy.

He has been a visiting professor at Cornell Law School and a visiting researcher at Harvard, Stanford and U.C. San Diego. He was the recipient of a MacArthur Fellowship in International Peace and Security. He is a regular guest lecturer at Santa Clara’s Leavey School of Business.

Professor Diamond’s research focuses on capitalist institutions with a particular interest in capital and labor markets. Trained as both a lawyer and a political scientist, he relies on comparative and institutional analysis to assess the impact of globalization, new technology and financial innovation. He is particularly interested in the development of new forms of governance and regulation in the wake of the end of the Cold War.

Professor Diamond has been engaged in a long-term study with Jennifer Kuan of the Stanford Institute of Economic Policy Research on the changing microstructure of the U.S. stock market. He is also working on a new project called “Insider Capitalism” which analyzes innovative financial structures in the high technology sector.

He was co-editor with Lance Compa of Cornell University of Human Rights, Labor Rights and International Trade (University of Pennsylvania Press), the leading text in that subject area. His most recent book is Rights and Revolution: The Rise and Fall of Nicaragua’s Sandinista Movement (Vandeplas).

Education

J.D., Yale Law School, Symposium Editor, Yale Law Journal

Ph.D., Political Science, University of London (Birkbeck College), MacArthur Fellow in International Peace and Security

B.A., Development Studies, University of California, Berkeley, Phi Beta Kappa

Areas of Specialization

Corporate Governance, Corporate Finance, Business Law, Securities Law, International Labor Rights, International Trade, International Finance, Comparative Corporate Law

Affiliations and Honors

Assistant Professor, Cornell Law School (one year visit)

Associate, Wilson Sonsini Goodrich & Rosati, Palo Alto, California

Associate, Latham & Watkins, New York, New York

MacArthur Fellow in International Peace and Security

Fellow, Center for International Affairs, Harvard University

Visiting Scholar, Center for Latin American Studies, Stanford University

Fellow, Graduate School of International Relations and Pacific Studies, University of California

Visiting Scholar, Center for U.S. Mexican Studies, University of California, San Diego

Ethics Scholar, Markkula Center for Applied Ethics, Santa Clara University

Guest Lecturer, Executive MBA Program, Santa Clara University School of Business

Phi Beta Kappa

Junior Fellow, Carnegie Endowment for International Peace (Project on Terrorism, Amb. Donald F. McHenry)

Member, New York and California Bar

Bibliography

Books

The Hidden History of the Equal Rights Amendment with Draper. Center for Socialist History (2014)

Rights and Revolution: The Rise and Fall of Nicaragua's Sandinista Movement. Vandeplas Publishing (2013) | Link to Library Catalog

From 'Che' to China: Labor and Authoritarianism in the New Global Economy. Vandeplas Publishing (2009) | Link to Library Catalog

Human Rights, Labor Rights, and International Trade: Law and Policy Perspectives with Compa. University of Pennsylvania Press (1996) (Introduction authored by Compa and Diamond. Paperback edition, (2003)) | Link to Library Catalog

Chapters

The Facebook Effect: Secondary Markets and Insider Trading in Today's Startup Environment in Research Handbook on Insider Trading. Bainbridge, editor. Edward Elgar Publishing (2013) | Link to Digital Commons | Link to Library Catalog

Beyond the Berle and Means Paradigm: Private Equity and the New Capitalist Order in The Embedded Firm: Corporate Governance, Labor, and Finance Capitalism. Williams and Zumbansen, editors. Cambridge University Press (2011) | Link to Digital Commons | Link to Library Catalog

Ringing the Bell on the NYSE: Might a Nonprofit Stock Exchange Have Been Efficient? with Kuan in Global Stock Exchanges: The Dawn of a New Era. Banerjee, editor. ICFAI University Press (2007) (Originally published as an article by the same title in 9 Duquesne Business Law Journal 1-18 (2007)) | Link to Digital Commons | Link to Library Catalog

Beyond the Core: Re-Thinking the International Labor Rights Strategy After the Battle of Seattle in Trade and Agriculture: Negotiating a New Agreement. McMahon, editor. Cameron May (2001) | Link to Library Catalog

Labor Rights in the Global Economy: A Case Study of the North American Free Trade Agreement in Human Rights, Labor Rights and International Trade: Law and Policy Perspectives. Compa and Diamond, editors. University of Pennsylvania Press (1996) (Paperback edition, 2003) | Link to Library Catalog

Introduction with Compa in Human Rights, Labor Rights and International Trade: Law and Policy Perspectives. Compa and Diamond, editors. University of Pennsylvania Press (1996) (Paperback, 2003) | Link to Library Catalog

U. S. Labor and North American Economic Integration: Towards a Constructive Critique in The Political Economy of North American Free Trade. Grinspun and Cameron, editors. St. Martin's Press (1993) | Link to Library Catalog

Articles

The Facebook Effect: Secondary Markets and Insider Trading in Today's Hot Startup Environment, 27 California Business Law Practitioner 1-9 (Winter 2012) | Link to Digital Commons

Private Equity and Public Good, 55 Dissent 52-60 (Winter 2008) | Link to Digital Commons

Ringing the Bell on the NYSE: Might a Nonprofit Stock Exchange Have Been Efficient?, with Kuan, 9 Duquesne Business Law Journal 1-18 (2007) (Published as a chapter in Global Stock Exchanges: The Dawn of a New Era. Banerjee, editor. ICFAI University Press, India (2008)) | Link to Digital Commons

Delphi 'Bankruptcy': The Continuation of Class War by Other Means, 53 Dissent 58-63 (Spring 2006) | Link to Digital Commons

The "Race to the Bottom" Returns: China's Challenge to the International Labor Movement, 10 U.C. Davis Journal of International Law and Policy 39-74 (2003) | Link to Digital Commons

The PetroChina Syndrome: Regulating Capital Markets in the Anti-Globalization Era, 29 Journal of Corporation Law 39-102 (2003) | Link to Digital Commons

Bridging the Divide: An Alternative Approach to International Labor Rights After the Battle of Seattle, (International Law Weekend - West Symposium), 29 Pepperdine Law Review 115-146 (2001) | Link to Digital Commons

Political and Occupational Hazards to Reproductive Health, no. 4 New Labor Review 34-50 (Fall 1982)

Book Reviews

Human Rights and Transnational Solidarity in Cold War Latin America, 36 Human Rights Quarterly 663-664 (August 2014) | Link to Full Text

Science-Mart: Privatizing American Science, 41 Contemporary Sociology: A Journal of Reviews 226-227 (2012) | Link to Library Catalog | Link to Full Text

Revolution, Revival and Religious Conflict in Sandinista Nicaragua, 29 Bulletin of Latin American Research 554-556 (2010) | Link to Library Catalog | Link to Full Text

The Future of Finance: How Private Equity and Venture Capital Will Shape the Global Economy, (June 29, 2010) (Published on Amazon.com) | Link to Library Catalog | Link to Full Text

The Chinese Market: An Enigma Unraveled, (review of The China Dream: The Quest for the Last Great Untapped Market on Earth and Inequality and Poverty in China in the Age of Globalization), 49 Dissent 95-99 (Summer 2002) | Link to Digital Commons | Link to Library Catalog | Link to Library Catalog

The "New Realism" and the Crisis of the Human Rights Movement, (review of In Our Own Best Interest: How Defending Human Rights Benefits Us All), 42 Santa Clara Law Review 1019-1029 (2002) | Link to Digital Commons | Link to Library Catalog

Labor's War, (review of Labor's War at Home: the CIO in World War II), 36 Monthly Review 58-64 (May 1984) | Link to Library Catalog

Other Articles

Facebook's Failed IPO: A Fall Worthy of Icarus, ___ Dissent ___ (May 29, 2012) (Web exclusive) | Link to Full Text

Occupy Santa Clara! Corporate Personhood Reconsidered, ___ Dissent ___ (April 4, 2012) (Web exclusive) | Link to Full Text

Importance of Institutional Design: Evidence from the New York Stock Exchnage IPO and Reg. NMS, with Kuan, ___ Securities Law eJournal ___ (January 18, 2012) (Web exclusive. Posted on SSRN. Linked to SSRN journals: LSN Securities Law eJournal, Capital Markets: Market Microstructure eJournal, and Corporate Law and Takeover eJournal | Link to Full Text

Avoiding Debacle in the U.S. Auto Industry, 53 Dissent ___ (Spring 2006) (Web exclusive)

No Friends in Labor's Court: The N.L.R.B.'s Right Turn, 241 The Nation 647-648 (December 14, 1985)

Plant Closings and Worker Health: A Nationwide Epidemic, 11 Labor Occupational Health Program Monitor 4 (January/February 1983)

Other

Can They Just Fire Me? Public Employees' Rights to Due Process. National edition. Center for Labor Research and Education, Institute of Industrial Relations, University of California, Berkeley (1986) | Link to Library Catalog

Hey, the Boss Just Called Me into the Office--: The Weingarten Decision and the Right to Representation on the Job. Center for Labor Research and Education, Institute of Industrial Relations, University of California, Berkeley (1986) | Link to Library Catalog

How to Cost a Union Contract: [A Guide for Union Negotiators] with Chown and Ghilarducci. Center for Labor Research and Education, Institute of Industrial Relations, University of California at Berkeley (1986) (Labor Training Series, pt. 3) | Link to Library Catalog

Can They Just Fire Me? The Skelly Decision and California Public Employees. Center for Labor Research and Education, Institute of Industrial Relations, University of California, Berkeley (1984) | Link to Library Catalog

Currently Teaching:

Fall 2014
Fall 2014
Spring 2015