What is wrong with the following code? 

struct Foo {
    public int id;
    public string value;
    public static readonly Foo Empty = new Foo(“”);

    public Foo(string val)
    {
         this.value = val;
         this.id = -1;
     }

};

and elsewhere…

Foo m = new Foo(“Something”); 

if (object.ReferenceEquals(m, Foo.Empty))
{
    …//do something
} else
{
…
}