By Shareholders Unite “In the 1970s, the idea that companies exist for the main (or even sole) purpose to maximize shareholder value started to gain traction as it was propagated by economist like Milton Friedman and Michael Jensen. Now, there…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
What caused the mess we are in, and how do we get out of it?
By Peter Winsley “Inequality, social malaise, and identity-based extremism result from productivity trends, technological change, globalisation, and business models. These sit within tax, labour market, competition, trade, intellectual property and other policy settings that governments can change.”… [Click HERE to…
Short-termism, quarterly capitalism, and capital flows evidence
By Joaquin Barquero “Media and business analysts have recently identified stock buybacks and dividend increases as an empirical evidence that companies in the USA are not doing their best efforts to maximize value in the long-term.”… [Click HERE to read the full…
Realized pay ‘only measure of CEO pay that anyone should use,’ according to new article
Anonymous “The SEC should replace the current Summary Compensation Table definition of total pay with a realized pay figure that reflects the impact of stock price fluctuations, according to a recent Harvard Business Review article by William Lazonick, a professor of economics…
Short-termism and shareholder payouts: Getting corporate capital flows right
By Jesse Fried and Charles C. Y. Wang “A fierce debate has been raging over whether shareholder-driven “short-termism” (or “quarterly capitalism”) is a critical problem for U.S. public firms, their investors, and the nation’s economy. Certain academics (Bratton and Wachter,…
Is there a fix for short-termism?
By Cydney Posner “Much has been written about the problems associated with the prevalence of short-term thinking in corporate America. As noted in a post from The Harvard Law School Forum on Corporate Governance and Financial Regulation, a recent academic study…
Resisting the lure of short-termism: Killing the ‘world’s dumbest idea’
By Steve Denning “When pressures are mounting to deliver short-term results, how do successful CEOs resist those pressures and achieve long-term growth? The issue is pressing: low global economic growth is putting stress on the political and social fabric in…
The best thing I read all year—2016
By Rita Gunther McGrath “To round off 2016, we asked 10 leading business school professors a question — what is the best thing you have read this year and why? Some said this was such a tumultuous year, they focused…
What am I yelling at CNN’s Poppy Harlow?
By Les Leopold “Honestly, I don’t usually talk back to the TV. But I couldn’t contain myself during Poppy Harlow’s December 10 interview with John Feltner, the United Steelworkers vice president of the Rexnord local union where 300 jobs are…
Competitiveness and talent are decisive factors for foreign investment
By Tonja Blatnik “That was one of the key messages of the 7th FDI Summit Slovenia 2016 which was attended by more than 100 leading representatives from business, diplomacy and politics.”… [Click HERE to read the full article]
