PRAISE FOR SAVING CAPITALISM FROM SHORT TERMISM As Rappaport keeps on speaking out for the realities surrounding investment and speculation, our society will profit as it builds on his keen insights.
--from the Foreword by John C.
Bogle, founder of the Vanguard Group Al Rappaport brings insight and wisdom to the short-termism debate, fully demonstrating the way perverse incentives are undermining public companies and capital markets.
--John Plender, Financial Times In this rigorous, useful, and delightful book, Rappaport undresses short-term financial incentives for what they are: parasites that draw the value-creating innovation out of companies.
And he shows how executives can align long-term value-creating investments with the right investors' expectations.
--Clayton Christensen, Harvard Business School How to make managers focus on the long-run is one of the most consequential and difficult questions in corporate governance and is the subject of much debate and disagreement.
Professor Alfred Rappaport's insightful book is a valuable contribution to this important debate.
--Lucian Bebchuk, Professor, Harvard Law School, and coauthor of Pay Without Performance Saving Capitalism from Short-Termism insightfully exposes the contradictions by which we incentivize money managers to require short-term focus by company managers.
Again and again in rereading this book, I am struck with the author's felicitous style in raising subject after subject in which I have long been interested--but, until this read, have not been able to resolve.
Buy it, read it, and enjoy.
--Robert A.
Monks, founder ISS (Institutional Shareholder Services), Lens Governance Advisors, and The Corporate Library Capitalism fails when corporate managers and professional investors prefer their own interests to those the true owners of businesses.
In Saving Capitalism from Short-Termism, Al Rappaport shows how new incentives schemes can deliver shareholder value for the 21st century.
--Edward Ch.
| Are | Parasites that draw the valuecreating innovation out of companies |
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Mcgraw-hill Education Saving capitalism from short-termism: how to build long-term value and take back our financial future, hardcover/alfred rappaport
