Download or read book Barbarians in the Boardroom written by Owen Walker and published by Pearson UK. This book was released on 2016-06-14 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Activist investors have sent shockwaves through corporations in recent years, personally targeting directors and executives at some of the world’s largest companies. No longer satisfied with operating on the fringes of business, they are now a firm fixture in the boardroom. Up to a quarter of public companies could be targeted by activist campaigns in the coming years, with directors and executives at those corporations threatened with losing their jobs. The trend, which began in corporate America, has spread to the UK, Europe and Asia, taking in several high profile companies. Barbarians in the Boardroom tells a compelling story of boardroom bust ups, dumped CEOs triumphant activists and pared back companies. It reveals real-life examples and interviews with executives and investors to explain why and how activist investors have managed to storm Wall Street and tear down City citadels. Owen Walker provides an insight into the way activists think, how they decide to target a company and how directors and executives could possibly work with them rather than against them. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.

Download or read book Corporate Control Corporate Power written by Edward S. Herman and published by Cambridge University Press. This book was released on 1982-05-31 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deep and detailed research into the workings of corporate enables Professor Herman to throw considerable light on how the board of directors operates, how important outside directors are, how new members are selected, and how multiple directorships interlock the large corporations. Throughout the book the author contrasts the power of the managers with that of other interest groups - bankers, family - and he concludes that power lies with the managers. But this has not changed the basic objectives of the corporation - the pursuit of growth and profits - nor has it enhanced social responsibility. After thorough investigation Edward Herman concludes that government regulation has done surprisingly little to reduce the autonomy of the corporation. Just as the influence of bankers and investors has been resisted, so has the effect of regulation. Improved communications and controls, geographic dispersion, and the enhanced adaptability and mobility of the large corporation have all played a part in maintaining corporate power and managerial control. Corporate Control, Corporate Power will be essential reading for executives, policy makers, regulators, and all those concerned to make the corporation more responsible and accountable.

Download or read book Blue Gold written by Maude Barlow and published by Routledge. This book was released on 2017-09-25 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: International tensions around water are rising in many of the world's most volatile regions. The policy recipe pursued by the West, and imposed on governments elsewhere, is to pass control over water to private interests, which simply accelerates the cycle of inequality and deprivation. California, as well as China, South Africa, Mexico and countries on every continent already face a crisis. This book exposes the enormity of the problem, the dangers of the proposed solution and the alternative, which is to recognize access to water as a fundamental human right, not dependent on ability to pay.

Download or read book The Market for Corporate Control in Japan written by Enrico Colcera and published by Springer Science & Business Media. This book was released on 2007-09-04 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the modern trend in the Japanese M and A market. It reveals from different perspectives the process of convergence to a new monitoring model of the corporation: "the market for corporate control". The book contains a systematic survey of all relevant economic and legal information in this field. Analysis of 17 recent cases of hostile takeover is presented.

Download or read book Deep Value written by Tobias E. Carlisle and published by John Wiley & Sons. This book was released on 2014-08-18 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic climate is ripe for another golden age of shareholder activism Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations is a must-read exploration of deep value investment strategy, describing the evolution of the theories of valuation and shareholder activism from Graham to Icahn and beyond. The book combines engaging anecdotes with industry research to illustrate the principles and methods of this complex strategy, and explains the reasoning behind seemingly incomprehensible activist maneuvers. Written by an active value investor, Deep Value provides an insider's perspective on shareholder activist strategies in a format accessible to both professional investors and laypeople. The Deep Value investment philosophy as described by Graham initially identified targets by their discount to liquidation value. This approach was extremely effective, but those opportunities are few and far between in the modern market, forcing activists to adapt. Current activists assess value from a much broader palate, and exploit a much wider range of tools to achieve their goals. Deep Value enumerates and expands upon the resources and strategies available to value investors today, and describes how the economic climate is allowing value investing to re-emerge. Topics include: Target identification, and determining the most advantageous ends Strategies and tactics of effective activism Unseating management and fomenting change Eyeing conditions for the next M&A boom Activist hedge funds have been quiet since the early 2000s, but economic conditions, shareholder sentiment, and available opportunities are creating a fertile environment for another golden age of activism. Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations provides the in-depth information investors need to get up to speed before getting left behind.

Download or read book Contests for Corporate Control written by Mary O'Sullivan and published by OUP Oxford. This book was released on 2000-04-20 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1990s, corporate governance became a hot issue in all of the advanced economies. For decades, major business corporations had reinvested earnings and developed long-term relations with their labour forces as they expanded the scale and scope of their operations. As a result, these corporations had made themselves central to resource allocation and economic performance in the national economies in which they had evolved. Then, beginning in the 1980s and picking up momentum in the 1990s, came the contests for corporate control. Previously silent stockholders, now empowered by institutional investors, demanded that corporations be run to 'maximize shareholder value'. In this highly original book, Mary O'Sullivan provides a critical analysis of the theoretical foundations for this principle of corporate governance and for the alternative perspective that corporations should be run in the interests of 'stakeholders'. She embeds her arguments on the relation between corporate governance and economic performance in historical accounts of the dynamics of corporate growth in the United States and Germany over the course of the twentieth century. O'Sullivan explains the emergence–and consequences–of 'maximizing shareholder value' as a principle of corporate governance in the United States over the past two decades, and provides unique insights into the contests for corporate control that have unfolded in Germany over the past few years.

Download or read book Hostile Battles for Corporate Control written by and published by . This book was released on 1990 with total page 764 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A History of Corporate Governance around the World written by Randall K. Morck and published by University of Chicago Press. This book was released on 2007-11-01 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.

Download or read book Dear Chairman written by Jeff Gramm and published by HarperCollins. This book was released on 2016-02-23 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: A sharp and illuminating history of one of capitalism’s longest running tensions—the conflicts of interest among public company directors, managers, and shareholders—told through entertaining case studies and original letters from some of our most legendary and controversial investors and activists. Recent disputes between shareholders and major corporations, including Apple and DuPont, have made headlines. But the struggle between management and those who own stock has been going on for nearly a century. Mixing never-before-published and rare, original letters from Wall Street icons—including Benjamin Graham, Warren Buffett, Ross Perot, Carl Icahn, and Daniel Loeb—with masterful scholarship and professional insight, Dear Chairman traces the rise in shareholder activism from the 1920s to today, and provides an invaluable and unprecedented perspective on what it means to be a public company, including how they work and who is really in control. Jeff Gramm analyzes different eras and pivotal boardroom battles from the last century to understand the factors that have caused shareholders and management to collide. Throughout, he uses the letters to show how investors interact with directors and managers, how they think about their target companies, and how they plan to profit. Each is a fascinating example of capitalism at work told through the voices of its most colorful, influential participants. A hedge fund manager and an adjunct professor at Columbia Business School, Gramm has spent as much time evaluating CEOs and directors as he has trying to understand and value businesses. He has seen public companies that are poorly run, and some that willfully disenfranchise their shareholders. While he pays tribute to the ingenuity of public company investors, Gramm also exposes examples of shareholder activism at its very worst, when hedge funds engineer stealthy land-grabs at the expense of a company’s long term prospects. Ultimately, he provides a thorough, much-needed understanding of the public company/shareholder relationship for investors, managers, and everyone concerned with the future of capitalism.

Download or read book Political Power and Corporate Control written by Peter A. Gourevitch and published by Princeton University Press. This book was released on 2010-06-20 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why does corporate governance--front page news with the collapse of Enron, WorldCom, and Parmalat--vary so dramatically around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey for advantage in setting the rules by which companies are run, and for whom they are run. It combines a clear theoretical model on this political interaction, with statistical evidence from thirty-nine countries of Europe, Asia, Africa, and North and South America and detailed narratives of country cases. This book differs sharply from most treatments by explaining differences in minority shareholder protections and ownership concentration among countries in terms of the interaction of economic preferences and political institutions. It explores in particular the crucial role of pension plans and financial intermediaries in shaping political preferences for different rules of corporate governance. The countries examined sort into two distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management, owners, and workers, the authors find that certain coalitions encourage policies that promote diffuse shareholding, while other coalitions yield blockholding-oriented policies. Political institutions influence the probability of one coalition defeating another.

Download or read book Modern Corporation and American Political Thought written by Scott Bowman and published by Penn State Press. This book was released on 2010-11-01 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Governance written by Robert A. G. Monks and published by John Wiley & Sons. This book was released on 2008-03-07 with total page 677 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new edition of this successful text offers an indispensable guide to the key concepts of corporate governance every student and business professional should know. It includes more exercises and student questions, penetrating analysis of the latest examples of corporate failure and controversy, and the lively "cases in point" which have characterized previous editions. Features 16 case studies of corporations in crisis, including General Motors, American Express, Time Warner, IBM, and Premier Oil Contains an invaluable web link to The Corporate Library, the leading independent research firm dedicated to corporate governance Includes an Appendix with an overview of CG Guidelines and Codes of Best Practice in Emerging Markets

Download or read book CORPORATE GOVERNANCE written by KESHO PRASAD and published by PHI Learning Pvt. Ltd.. This book was released on 2014-01-01 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to increased globalization of trade, the business environment in most countries has become very competitive. Businesses have to work hard to find new customers and retain old ones. This has made good corporate governance indispensable to those who want to survive and flourish. This revised text, now in its Third Edition, continues to discuss the contemporary issues of corporate governance in the wake of changing business ambience. It provides the students and professionals with an understanding of techniques and methods that can be used in practice for introducing effective governance in companies. The Third Edition incorporates the updated revised SEBI rules and the powers given to it by the Government Ordinance in Chapter 12 (Highlights of SEBI’s Achievements) and Chapter 13 (Special Features of the Companies Amendment Bill, 2012). Besides, a new chapter on Corporate Social Responsibility (CSR) has been included as Chapter 10 which is an important aspect of corporate gover-nance. Case studies on CSR have been discussed which highlight the practice in organizations for treating CSR as a philosophy of the top management. Audience It is a valuable textbook for the students pursuing MBA, PGDM or MSW courses who are offered corporate governance as the select topic. Besides, practitioners will also find the book useful while reading the text along with the updated legal provisions and this will enable them to take a consolidated view on their decisions on corporate governance related issues. Key Features • Many relevant and interesting case studies have been included in the chapters. • All the chapters have been enriched with conclusion and summary to have a quick recap of the topic. • Review questions have been added at the end of the each chapter which are designed to test the grasping of the subject knowledge by the students. • Text and cases on CSR, which is a mandatory activity under the Companies Amendment Bill, 2012 has been incorporated. • The revised text includes highlights of SEBI’s initiatives and the revision in its rules, and suggestions for changes in SEBI’s functioning.

Download or read book A Strategic Approach to Corporate Governance written by Adrian Davies and published by Gower Publishing, Ltd.. This book was released on 1999 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: All institutions require a framework of governance, comprising a mission to be accomplished with clear rules and recognized conventions to guide its accomplishment. This book sets the governance of companies - corporate governance - in a wider framework so that it can be appreciated as part of a long tradition and of a system that affects our lives at all levels and in most places.Corporate governance is no longer optional for businessmen - it is vital - and the events which have led to this and the approaches taken by different countries are explained by Adrian Davies. He goes on to develop a working model for introducing a system of corporate governance, as well as detailing the process of installing and maintaining it. As the title suggests, A Strategic Approach to Corporate Governance explores the link between corporate governance and business strategy, and examines the role of the board of directors in providing leadership to both processes. Moving beyond the Cadbury, Greenbury and Hampel Codes, this book outlines a stakeholder approach to corporate governance which complements the financially-focused Codes.As Sir Adrian Cadbury says in his Foreword:'Openness and accountability are the governance watchwords and ethical standards are the basis on which lasting governance systems are built. These are the lessons we have all learnt from the work which has been done worldwide on the governance of companies. Adrian Davies' book will, with advantage, help to spread corporate experience in this field to a wider range of organisations.'

Download or read book Corporate Governance written by Shital Jhunjhunwala and published by Springer Nature. This book was released on 2023-07-24 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book covers the broad area of Corporate Governance (CG) and its constituents. It includes new and contemporary topics such as CG in family-controlled businesses, governance of multinational corporations, related party transactions and impact investing. It is a blend of theory and practice, and presents cases old and new, from Maxwell to Tata Sons, from both the western and eastern hemisphere to facilitate the understanding of CG issues. The book brings together governance frameworks of different countries in one place. For instance, when ‘appointment of auditors’ is discussed the UK code, US laws, EU Audit legislation 2016 and Indian rules are covered. It includes latest and novel regulations such as CSR in India.

Download or read book Building Big Business in Russia written by Yuko Adachi and published by Routledge. This book was released on 2013-09-05 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the development of big business in Russia since the early 1990s, explaining how post-Soviet enterprises - many of which made little sense as business units - were restructured into functional firms. It includes detailed case studies of three leading companies: Yukos Oil Company, Siberian (Russian) Aluminium and Norilsk Nickel.

Download or read book Law and Practice in Corporate Control written by Chester Rohrlich and published by Beard Books. This book was released on 2000 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book by an experienced practicing attorney discusses problems of corporate control. Based on a survey of representative cases & other appropriate material, it presents a comprehensive picture of law & practice in these matters. This publication is available through our print-on-demand program. Allow four weeks for delivery. All copies are produced on acid-free paper with library-style binding.