The Shareholder Value Myth

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Publisher : ReadHowYouWant
ISBN 13 : 9781459638693
Total Pages : 204 pages
Book Rating : 4.6/5 (386 download)

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Book Synopsis The Shareholder Value Myth by : Lynn Stout

Download or read book The Shareholder Value Myth written by Lynn Stout and published by ReadHowYouWant. This book was released on 2012-05 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proves that shareholder primacy has no basis in law or economics and does not deliver better bottom - line results. Suggests better ways to think about shareholders and their relationship to corporations Written by one of America's most distinguished legal scholars, Executives, investors, and the business press routinely chant the mantra that co...

Putting the Shareholder First, A Lifetime Ideal

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Author :
Publisher :
ISBN 13 :
Total Pages : 15 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Putting the Shareholder First, A Lifetime Ideal by : Investments & Wealth Institute

Download or read book Putting the Shareholder First, A Lifetime Ideal written by Investments & Wealth Institute and published by . This book was released on 2015 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the course of his fifty-five-year career in the investment industry, John C. Bogle, founder and former chairman of The Vanguard Group, redefined investing for the individual investor and became known as the conscience of the mutual fund industry. Concerned since his undergraduate days at Princeton University about the impact of costs on the returns that investors receive, Mr. Bogle turned a career setback in the mid-1970s into an opportunity to put his early beliefs into action. Within the space of three years, he had established Vanguard, the first mutual fund company to be owned by its fund shareholder clients; created the first index mutual fund; and pioneered the concept of the modern no-load mutual fund. In April 2006, Mr. Bogle talked with members of the Journal of Investment Consulting Editorial Advisory Board about the experiences that shaped his philosophy, his views on the costs of financial intermediation, and his recommendations for improving corporate governance.

In Pursuit of the Perfect Portfolio

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Publisher : Princeton University Press
ISBN 13 : 0691229880
Total Pages : 416 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis In Pursuit of the Perfect Portfolio by : Andrew W. Lo

Download or read book In Pursuit of the Perfect Portfolio written by Andrew W. Lo and published by Princeton University Press. This book was released on 2023-05-16 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the greatest thinkers in finance changed the field and how their wisdom can help investors today Is there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio examines this question by profiling and interviewing ten of the most prominent figures in the finance world—Jack Bogle, Charley Ellis, Gene Fama, Marty Leibowitz, Harry Markowitz, Bob Merton, Myron Scholes, Bill Sharpe, Bob Shiller, and Jeremy Siegel. We learn about the personal and intellectual journeys of these luminaries—which include six Nobel Laureates and a trailblazer in mutual funds—and their most innovative contributions. In the process, we come to understand how the science of modern investing came to be. Each of these finance greats discusses their idea of a perfect portfolio, offering invaluable insights to today’s investors. Inspiring such monikers as the Bond Guru, Wall Street’s Wisest Man, and the Wizard of Wharton, these pioneers of investment management provide candid perspectives, both expected and surprising, on a vast array of investment topics—effective diversification, passive versus active investment, security selection and market timing, foreign versus domestic investments, derivative securities, nontraditional assets, irrational investing, and so much more. While the perfect portfolio is ultimately a moving target based on individual age and stage in life, market conditions, and short- and long-term goals, the fundamental principles for success remain constant. Aimed at novice and professional investors alike, In Pursuit of the Perfect Portfolio is a compendium of financial wisdom that no market enthusiast will want to be without.

The Shareholder Value Myth

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Author :
Publisher : Berrett-Koehler Publishers
ISBN 13 : 1605098167
Total Pages : 151 pages
Book Rating : 4.6/5 (5 download)

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Book Synopsis The Shareholder Value Myth by : Lynn Stout

Download or read book The Shareholder Value Myth written by Lynn Stout and published by Berrett-Koehler Publishers. This book was released on 2012-05-07 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at the trouble with shareholder value thinking and at better options for models of corporate purpose. Executives, investors, and the business press routinely chant the mantra that corporations are required to “maximize shareholder value.” In this pathbreaking book, renowned corporate expert Lynn Stout debunks the myth that corporate law mandates shareholder primacy. Stout shows how shareholder value thinking endangers not only investors but the rest of us as well, leading managers to focus myopically on short-term earnings; discouraging investment and innovation; harming employees, customers, and communities; and causing companies to indulge in reckless, sociopathic, and irresponsible behaviors. And she looks at new models of corporate purpose that better serve the needs of investors, corporations, and society. “A must-read for managers, directors, and policymakers interested in getting America back in the business of creating real value for the long term.” —Constance E. Bagley, professor, Yale School of Management; president, Academy of Legal Studies in Business; and author of Managers and the Legal Environment and Winning Legally “A compelling call for radically changing the way business is done... The Shareholder Value Myth powerfully demonstrates both the dangers of the shareholder value rule and the falseness of its alleged legal necessity.” —Joel Bakan, professor, The University of British Columbia, and author of the book and film The Corporation “Lynn Stout has a keen mind, a sharp pen, and an unbending sense of fearlessness. Her book is a must-read for anyone interested in understanding the root causes of the current financial calamity.” —Jack Willoughby, senior editor, Barron’s “Lynn Stout offers a new vision of good corporate governance that serves investors, firms, and the American economy.” —Judy Samuelson, executive director, Business and Society Program, The Aspen Institute

The Shareholder Value Myth

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Author :
Publisher :
ISBN 13 : 9780369316134
Total Pages : 276 pages
Book Rating : 4.3/5 (161 download)

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Book Synopsis The Shareholder Value Myth by : Lynn Stout

Download or read book The Shareholder Value Myth written by Lynn Stout and published by . This book was released on 2012-05-07 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proves that shareholder primacy has no basis in law or economics and does not deliver better bottom - line results. Suggests better ways to think about shareholders and their relationship to corporations Written by one of America's most distinguished legal scholars, Executives, investors, and the business press routinely chant the mantra that corporations are required to ''maximize shareholder value.'' The results have been disastrous. ''Shareholder primacy'' thinking causes corporate managers to focus myopically on short - term earnings reports at the expense of long - term performance; discourages investment and innovation; harms employees, customers, and communities; and causes companies to indulge in reckless, sociopathic, and socially irresponsible behaviors. It's the kind of thinking that led directly to the recent worldwide economic collapse. Jack Welch, once a shareholder primacy true believer, has famously called it ''the dumbest idea in the world.'' Lynn Stout proves that there is in fact no legal obligation for corporations to maximize shareholder value - scholars, lawyers, and corporate officers just assumed there was. Nor, she demonstrates, is maximizing shareholder value the optimal economic model - that's just another unproven assumption, one that is conceptually muddled and, Stout shows, unsupported by the actual evidence on what drives good corporate performance. As if this wasn't enough, Stout also shows how shareholder primacy actually hurts individual investors by obscuring their real, diverse, human interests in the name of serving a hypothetical, homogeneous, abstract, and conscienceless shareholder. Stout looks at new theories that better serve the needs not only of actual human beings who invest but of corporations and society as well. ''Calm, careful, plainspoken, and relentless argumentation that peels away the distracting layers of abstract mumbo jumbo to expose the lunacy of the underlying theory for all to see. Lynn Stout does the world a great favor in exposing shareholder value theory for what it is: flawed and damaging.'' - Roger Martin, Dean, Rotman School of Management, University of Toronto, and author of Fixing the Game.

A One-Legged Stool: How Shareholder Primacy Has Broken Business (And What We Can Do About It)

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Author :
Publisher : Best Friend Brands, LLC
ISBN 13 :
Total Pages : 270 pages
Book Rating : 4.9/5 (854 download)

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Book Synopsis A One-Legged Stool: How Shareholder Primacy Has Broken Business (And What We Can Do About It) by : Ed Chambliss

Download or read book A One-Legged Stool: How Shareholder Primacy Has Broken Business (And What We Can Do About It) written by Ed Chambliss and published by Best Friend Brands, LLC. This book was released on 2022-03-14 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Have you ever wondered if business needs to be so...unbalanced? Is putting shareholders above everyone else the only way for private enterprise to be successful? Is that "just the way it is?" The short answer is "no." Before "shareholder primacy" took hold in the 1970s, investors weren't more important than other stakeholders. Companies balanced the interests of all the legs of the corporate stool - customers, employees, communities, and shareholders - and everyone's life got better. So, what happened? How did we get to today, where "maximizing shareholder value" is seen as the panacea for all the world's ills? And, more importantly, what's the path forward that allows business to profit by applying its significant resources to solving society's problems, rather than making them worse? We all rely on the stool of business to elevate our lives. Let's fix it before it collapses.

The Man Who Broke Capitalism

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Publisher : Simon and Schuster
ISBN 13 : 1982176431
Total Pages : 182 pages
Book Rating : 4.9/5 (821 download)

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Book Synopsis The Man Who Broke Capitalism by : David Gelles

Download or read book The Man Who Broke Capitalism written by David Gelles and published by Simon and Schuster. This book was released on 2022-05-31 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York Times Bestseller New York Times reporter and “Corner Office” columnist David Gelles reveals legendary GE CEO Jack Welch to be the root of all that’s wrong with capitalism today and offers advice on how we might right those wrongs. In 1981, Jack Welch took over General Electric and quickly rose to fame as the first celebrity CEO. He golfed with presidents, mingled with movie stars, and was idolized for growing GE into the most valuable company in the world. But Welch’s achievements didn’t stem from some greater intelligence or business prowess. Rather, they were the result of a sustained effort to push GE’s stock price ever higher, often at the expense of workers, consumers, and innovation. In this captivating, revelatory book, David Gelles argues that Welch single-handedly ushered in a new, cutthroat era of American capitalism that continues to this day. Gelles chronicles Welch’s campaign to vaporize hundreds of thousands of jobs in a bid to boost profits, eviscerating the country’s manufacturing base, and destabilizing the middle class. Welch’s obsession with downsizing—he eliminated 10% of employees every year—fundamentally altered GE and inspired generations of imitators who have employed his strategies at other companies around the globe. In his day, Welch was corporate America’s leading proponent of mergers and acquisitions, using deals to gobble up competitors and giving rise to an economy that is more concentrated and less dynamic. And Welch pioneered the dark arts of “financialization,” transforming GE from an admired industrial manufacturer into what was effectively an unregulated bank. The finance business was hugely profitable in the short term and helped Welch keep GE’s stock price ticking up. But ultimately, financialization undermined GE and dozens of other Fortune 500 companies. Gelles shows how Welch’s celebrated emphasis on increasing shareholder value by any means necessary (layoffs, outsourcing, offshoring, acquisitions, and buybacks, to name but a few tactics) became the norm in American business generally. He demonstrates how that approach has led to the greatest socioeconomic inequality since the Great Depression and harmed many of the very companies that have embraced it. And he shows how a generation of Welch acolytes radically transformed companies like Boeing, Home Depot, Kraft Heinz, and more. Finally, Gelles chronicles the change that is now afoot in corporate America, highlighting companies and leaders who have abandoned Welchism and are proving that it is still possible to excel in the business world without destroying livelihoods, gutting communities, and spurning regulation.

Shareholder Agreements

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Author :
Publisher : The Endless Bookcase Ltd
ISBN 13 : 1908941545
Total Pages : 58 pages
Book Rating : 4.9/5 (89 download)

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Book Synopsis Shareholder Agreements by : David Hughes

Download or read book Shareholder Agreements written by David Hughes and published by The Endless Bookcase Ltd. This book was released on 2015-12-18 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: A good shareholder agreement is like a fence at the top of a cliff, which stops company owners from falling over the edge and into the hands of lawyers who wait in the ambulance parked beside the rocks below. This book explains in easy to understand language what a shareholder agreement does, the common clauses it contains and when it is best to put one in place. Most client meetings for shareholder agreements follow a familiar script. Company owners ask similar questions, have common worries, want to achieve matching outcomes and, in response, the same answers are given. The result is 'Shareholder Agreements: the 30 minute guide', which explains the typical issues that arise when company owners want to put in place a share-holder agreement and how to overcome them. The aim of this book is to demystify shareholder agreements for business advisers and accountants who often become the first contact for company owners with a question about making a shareholder agreement. This book will also be helpful for company owners who feel comfortable building their own shareholder agreement from a template they have purchased. By the time you have read this book you will understand how a Shareholder Agreement will protect company owners against unexpected life events, why a Shareholder Agreement is sometimes called a ‘Business Will’ and what to ask your lawyer when you are ready to put in place your own Shareholder Agreement.

The Ride of a Lifetime

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Publisher : Random House
ISBN 13 : 0399592105
Total Pages : 272 pages
Book Rating : 4.3/5 (995 download)

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Book Synopsis The Ride of a Lifetime by : Robert Iger

Download or read book The Ride of a Lifetime written by Robert Iger and published by Random House. This book was released on 2019-09-23 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: #1 NEW YORK TIMES BESTSELLER • A memoir of leadership and success: The executive chairman of Disney, Time’s 2019 businessperson of the year, shares the ideas and values he embraced during his fifteen years as CEO while reinventing one of the world’s most beloved companies and inspiring the people who bring the magic to life. NAMED ONE OF THE BEST BOOKS OF THE YEAR BY NPR Robert Iger became CEO of The Walt Disney Company in 2005, during a difficult time. Competition was more intense than ever and technology was changing faster than at any time in the company’s history. His vision came down to three clear ideas: Recommit to the concept that quality matters, embrace technology instead of fighting it, and think bigger—think global—and turn Disney into a stronger brand in international markets. Today, Disney is the largest, most admired media company in the world, counting Pixar, Marvel, Lucasfilm, and 21st Century Fox among its properties. Its value is nearly five times what it was when Iger took over, and he is recognized as one of the most innovative and successful CEOs of our era. In The Ride of a Lifetime, Robert Iger shares the lessons he learned while running Disney and leading its 220,000-plus employees, and he explores the principles that are necessary for true leadership, including: • Optimism. Even in the face of difficulty, an optimistic leader will find the path toward the best possible outcome and focus on that, rather than give in to pessimism and blaming. • Courage. Leaders have to be willing to take risks and place big bets. Fear of failure destroys creativity. • Decisiveness. All decisions, no matter how difficult, can be made on a timely basis. Indecisiveness is both wasteful and destructive to morale. • Fairness. Treat people decently, with empathy, and be accessible to them. This book is about the relentless curiosity that has driven Iger for forty-five years, since the day he started as the lowliest studio grunt at ABC. It’s also about thoughtfulness and respect, and a decency-over-dollars approach that has become the bedrock of every project and partnership Iger pursues, from a deep friendship with Steve Jobs in his final years to an abiding love of the Star Wars mythology. “The ideas in this book strike me as universal” Iger writes. “Not just to the aspiring CEOs of the world, but to anyone wanting to feel less fearful, more confidently themselves, as they navigate their professional and even personal lives.”

Global Shareholder Stewardship

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Publisher : Cambridge University Press
ISBN 13 : 1108906893
Total Pages : 723 pages
Book Rating : 4.1/5 (89 download)

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Book Synopsis Global Shareholder Stewardship by : Dionysia Katelouzou

Download or read book Global Shareholder Stewardship written by Dionysia Katelouzou and published by Cambridge University Press. This book was released on 2022-05-12 with total page 723 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first in-depth comparative and empirical analysis of shareholder stewardship, revealing the previously unknown complexities of this global movement. It highlights the role of institutional investors and other shareholders, examining how they use their formal and informal power to influence companies. The book includes an in-depth chapter on every jurisdiction which has adopted a stewardship code and an analysis of stewardship in the world's two largest economies which have yet to adopt a code. Several comparative chapters draw on the rich body of jurisdiction-specific analyses, to analyze stewardship comparatively from multiple interdisciplinary perspectives. Ultimately, this book provides a cutting-edge and comprehensive understanding of shareholder stewardship which challenges existing theories and informs many of the most important debates in comparative corporate law and governance.

Buy-Sell Agreements

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Author :
Publisher : Paul Hood Services
ISBN 13 : 1647043433
Total Pages : 254 pages
Book Rating : 4.6/5 (47 download)

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Book Synopsis Buy-Sell Agreements by : L. Paul Hood, Jr.

Download or read book Buy-Sell Agreements written by L. Paul Hood, Jr. and published by Paul Hood Services. This book was released on 2021-04-28 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Paul's book is written in plain language that even a client can understand, yet it still manages to cover virtually all of the key issues that a business owner needs to address…. Buy this book.” —Howard M. Zaritsky, Esq., co-author, Structuring Buy-Sell Agreements: Analysis with Forms, Second Edition. “Paul is extremely knowledgeable about buy-sell agreements, valuation and estate planning for the business owner. He clearly has a passion for the topic and depth of experience that shows throughout the breadth of the work.” —Edwin P. Morrow III, J.D., LL.M., CFP®, Huntington National Bank, co-author, The Tools & Techniques of Estate Planning (19th Ed.) A buy-sell agreement (BSA) must set the rules of transition for a closely-held business. Author L. Paul Hood, Jr. shares 30+ years of experience writing BSAs to help business owners avoid the ugly consequences of a poorly drafted BSA. You’ll learn about: Types of BSA agreements BSA trigger events Tax consequences of BSAs Best practices for best outcomes Filled with expert information, handy checklists, and useful templates, Buy-Sell Agreements: The Last Will & Testament for Your Business will help you prepare a quality BSA as well as be the lifeline for your business in times of transition.

The Economist

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Publisher :
ISBN 13 :
Total Pages : 1092 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Economist by :

Download or read book The Economist written by and published by . This book was released on 1896 with total page 1092 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Shareholders' guardian, a general compendium of all financial and stock exchange news

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Author :
Publisher :
ISBN 13 :
Total Pages : 628 pages
Book Rating : 4.R/5 (5 download)

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Book Synopsis The Shareholders' guardian, a general compendium of all financial and stock exchange news by :

Download or read book The Shareholders' guardian, a general compendium of all financial and stock exchange news written by and published by . This book was released on 1866 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Time to Choose

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Publisher :
ISBN 13 :
Total Pages : 172 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis A Time to Choose by : United States. Dept. of Agriculture

Download or read book A Time to Choose written by United States. Dept. of Agriculture and published by . This book was released on 1981 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Time to Choose

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Author :
Publisher :
ISBN 13 :
Total Pages : 172 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis A Time to Choose by : United States. Department of Agriculture

Download or read book A Time to Choose written by United States. Department of Agriculture and published by . This book was released on 1981 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

On the Money

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Publisher : Bonnier Zaffre Ltd.
ISBN 13 : 1800783647
Total Pages : 185 pages
Book Rating : 4.8/5 (7 download)

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Book Synopsis On the Money by : Charlotte Burns

Download or read book On the Money written by Charlotte Burns and published by Bonnier Zaffre Ltd.. This book was released on 2022-02-28 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you want to break bad habits and make your money work for you? Charlotte Burns, finance journalist, two-time winner of Financial Blog of the Year for lottyearns and former deals hunter at Money Saving Expert, is on a mission to improve your finances. Taking control of your income, outgoings and savings may sound dull as dishwater, but by developing your financial skills, you can free yourself from the limitations of living from one pay cheque to the next, and instead, build the life you want! Written in Charlotte's trademark no-nonsense, non-judgemental style, On the Money covers everything from bank accounts and budgets, debt management and investing, buying a home and making side hustles work for you. Currently editor at the government's Money Advice Service, Charlotte draws on her own personal and professional experience, packing the book with tips and tricks that they don't teach you in school. Each chapter ends with a practical activity to help you put the theory into practice and start your journey to financial freedom. Whatever your current financial situation, On the Money is here to help you take control of your finances and build a life you love.

Fundamentals of Business (black and White)

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Publisher :
ISBN 13 : 9780997920116
Total Pages : 442 pages
Book Rating : 4.9/5 (21 download)

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Book Synopsis Fundamentals of Business (black and White) by : Stephen J. Skripak

Download or read book Fundamentals of Business (black and White) written by Stephen J. Skripak and published by . This book was released on 2016-07-29 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: (Black & White version) Fundamentals of Business was created for Virginia Tech's MGT 1104 Foundations of Business through a collaboration between the Pamplin College of Business and Virginia Tech Libraries. This book is freely available at: http://hdl.handle.net/10919/70961 It is licensed with a Creative Commons-NonCommercial ShareAlike 3.0 license.