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Author: David Skeel
Publisher: Oxford University Press
ISBN: 9780195346596
Category : Law
Languages : en
Pages : 264
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Book Description
Americans have always loved risktakers. Like the Icarus of ancient Greek lore, however, even the most talented entrepreneurs can overstep their bounds. All too often, the very qualities that make Icaran executives special-- self-confidence, visionary insight, and extreme competitiveness--spur them to take misguided and even illegal chances. The Icaran failure of an ordinary entrepreneur isn't headline news. But put Icarus in the corporate boardroom and, as David Skeel vividly demonstrates, the ripple effects can be profound. Ever since the first large-scale corporations emerged in the nineteenth century, their ability to tap huge amounts of capital and the sheer number of lives they affect has meant that their executives play for far greater stakes. Excessive and sometimes fraudulent risks, competition, and the increasing size and complexity of organizations: these three factors have been at the heart of every corporate breakdown from 1873, when financial genius Jay Cooke collapsed, to the corporate scandals of the early 21st century. Compounding the scandals is an ongoing cat-and-mouse game between regulators' efforts to police the three factors that lead to Icarus Effect failures and efforts by corporate America to evade this regulation in the name of efficiency and flexibility. These efforts to side-step oversight can rapidly spiral out of control, setting the stage for the devastating corporate failures that punctuate American business history. But there is also a silver lining to the stunning failures: the outrage they provoke galvanizes public opinion in favor of corporate reform. The most important American business regulation has always been enacted in response to a major breakdown in corporate America. Today's business environment poses unprecedented perils for the average American as for the first time ever, more than half of Americans now own stock. Identifying the problems of the past, Skeel offers a strikingly new diagnosis of the fundamental flaws in corporate America today, and of what can be done to fix them.
Author: David Skeel
Publisher: Oxford University Press
ISBN: 9780195346596
Category : Law
Languages : en
Pages : 264
Get Book
Book Description
Americans have always loved risktakers. Like the Icarus of ancient Greek lore, however, even the most talented entrepreneurs can overstep their bounds. All too often, the very qualities that make Icaran executives special-- self-confidence, visionary insight, and extreme competitiveness--spur them to take misguided and even illegal chances. The Icaran failure of an ordinary entrepreneur isn't headline news. But put Icarus in the corporate boardroom and, as David Skeel vividly demonstrates, the ripple effects can be profound. Ever since the first large-scale corporations emerged in the nineteenth century, their ability to tap huge amounts of capital and the sheer number of lives they affect has meant that their executives play for far greater stakes. Excessive and sometimes fraudulent risks, competition, and the increasing size and complexity of organizations: these three factors have been at the heart of every corporate breakdown from 1873, when financial genius Jay Cooke collapsed, to the corporate scandals of the early 21st century. Compounding the scandals is an ongoing cat-and-mouse game between regulators' efforts to police the three factors that lead to Icarus Effect failures and efforts by corporate America to evade this regulation in the name of efficiency and flexibility. These efforts to side-step oversight can rapidly spiral out of control, setting the stage for the devastating corporate failures that punctuate American business history. But there is also a silver lining to the stunning failures: the outrage they provoke galvanizes public opinion in favor of corporate reform. The most important American business regulation has always been enacted in response to a major breakdown in corporate America. Today's business environment poses unprecedented perils for the average American as for the first time ever, more than half of Americans now own stock. Identifying the problems of the past, Skeel offers a strikingly new diagnosis of the fundamental flaws in corporate America today, and of what can be done to fix them.
Author: Stephen M. Bainbridge
Publisher: Cambridge University Press
ISBN: 1108153674
Category : Law
Languages : en
Pages : 250
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Book Description
In this groundbreaking work, Stephen M. Bainbridge and M. Todd Henderson change the conversation about corporate governance by examining the origins, roles, and performance of boards with a simple question in mind: why does the law require governance to be delivered through individual board members? While tracing the development of boards from quasi-political bodies through the current 'monitoring' role, the authors find the reasons for this requirement to be wanting. Instead, they propose that corporations be permitted to hire other business associations - known as 'Board Service Providers' or BSPs - to provide governance services. Just as corporations hire law firms, accounting firms, and consulting firms, so too should they be permitted to hire governance firms, a small change that will dramatically increase board accountability and enable governance to be delivered more efficiently. Outsourcing the Board should be read by academics, policymakers, and those within the corporations that will benefit from this change.
Author: Graham Robinson
Publisher: Springer
ISBN: 1137439661
Category : Business & Economics
Languages : en
Pages : 305
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Book Description
The Intoxication of Power is a collection of contributions by thirteen authors from various academic disciplines sharing a concern for the development of understanding of the nature and origins of leadership hubris. The book originated at conferences held by the Daedalus Trust, which fosters research into challenges to organizational well-being.
Author: Martin T. Biegelman
Publisher: John Wiley & Sons
ISBN: 0470278404
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
Written by a long-standing practitioner in the field, this timely and critical work is your best source for understanding all the complex issues and requirements associated with corporate compliance. It provides clear guidance for those charged with protecting their companies from financial and reputational risk, litigation, and government intervention, who want a robust guide to establish an effective compliance program.
Author: Rod Mcqueen
Publisher: Anchor Canada
ISBN: 0385672179
Category : Biography & Autobiography
Languages : en
Pages : 365
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Book Description
In June 2000, Edgar Bronfman Jr. sold Seagram Co. to French media giant Vivendi in a $34-billion deal. Young, handsome and fabulously rich, Edgar Jr. seemed finally to have silenced the detractors who for fifteen years had scorned him, calling him a naïve dilettante and “the star-struck whisky king.” As the third-generation president and CEO of a family dynasty in the booze business, Edgar Jr. had made controversial corporate decisions. In 1995 he sold Seagram’s holding in the secure but boring DuPont to buy Hollywood studio MCA. In 1998, he acquired PolyGram, thereby creating the world’s largest record company. In 2000, when convergence was the corporate mantra, he merged Seagram with Vivendi. At fifteen, Edgar Jr. had been designated by his grandfather, Sam Bronfman, Seagram’s legendary founder, to eventually head the business Mr. Sam had built as a bootlegger during Prohibition. For Edgar Jr., that choice turned into a curse as he agonized over Mr. Sam’s prescient 1966 warning: “Shirtsleeves to shirtsleeves in three generations. I’m worried about the third generation. Empires have come and gone.” In 1994 when Edgar Jr. succeeded his father, he announced: “I’m not going down in history as the one Bronfman who pissed away the family fortune.” Despite all his efforts, Edgar Jr. could not avoid his destiny. The value of the Bronfman family holdings in Seagram – swapped for shares in Vivendi – fell by almost three-quarters from $8.2 billion to $2.2 billion between 2000 and 2002. Business Week featured Edgar Jr. on its “Worst Managers List,” calling him the “most desperate billionaire around.” In this unauthorized biography, acclaimed and award-winning business writer Rod McQueen tells the gripping story of an empire’s demise. Based on 150 revealing interviews with high school friends, associates from his Hollywood and Broadway days, as well as former colleagues, officers and directors at Seagram and Vivendi, The Icarus Factor tracks Edgar Jr. on his meteoric rise and spectacular fall. In addition to Edgar Jr. himself, McQueen interviewed many powerful media and entertainment leaders including Frank Biondi Jr., Jack Valenti, Barry Diller, Ron Meyer, Doug Morris, and Herbert Allen Jr. What emerges is a compelling and intimate portrait of a man who wrestled with his own fervent dreams and family responsibilities. This is a story about duty and destiny, passion and performance, family and failure. Above all, it is a cautionary tale about the complex relationship between a father and a son with catastrophic consequences.
Author: Alice Belcher
Publisher: Routledge
ISBN: 1134445229
Category : Law
Languages : en
Pages : 240
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Book Description
Directors are key decision-makers in any organisation, whether it is in the public sector, a family business or a transnational company. The UK Companies Act 2006 codified directors’ duties for the first time and describes the director as the ‘most likely to promote the success of the company for the benefit of its members as a whole’. This book addresses key tensions and problems involved in the duties and responsibilities of the director in promoting success, including corporate culture and credibility, trust, risk and uncertainty, collective responsibility, and the degree of control. The book considers directors’ decision-making in both private and public sector organisations and explicitly examines aspects of decision-making during periods of financial distress. The book compares the legal contexts of director’s decisions in the UK to those of the USA, Germany and Australia, and takes an interdisciplinary approach in its combination of management theory, economic theory and behavioural studies. In doing so the book addresses issues key to the understanding of corporate governance in light of recent financial crises.
Author: Michael Vannoy Adams
Publisher: Routledge
ISBN: 1135009856
Category : Psychology
Languages : en
Pages : 244
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Book Description
"I have entitled this book For Love of the Imagination. Long ago, I fell in love with the imagination. It was love at first sight. I have had a lifelong love affair with the imagination. I would love for others, through this book, to fall in love, as I once did, with the imagination." Michael Vannoy Adams, from the Preface. For Love of the Imagination is a book about the imagination – about what and how images mean. Jungian psychoanalysis is an imaginal psychology – or what Michael Vannoy Adams calls "imaginology," the study of the imagination. What is so distinctive – and so valuable – about Jungian psychoanalysis is that it emphasizes images. For Love of the Imagination is also a book about interdisciplinary applications of Jungian psychoanalysis. What enables these applications is that all disciplines include images of which they are more or less unconscious. Jungian psychoanalysis is in an enviable position to render these images conscious, to specify what and how they mean. On the contemporary scene, as a result of the digital revolution, there is no trendier word than "applications" – except, perhaps, the abbreviation "apps." In psychoanalysis, there is a "Freudian app" and a "Jungian app." The "Jungian app" is a technology of the imagination. This book applies Jungian psychoanalysis to images in a variety of disciplines. For Love of the Imagination also includes the 2011 Moscow lectures on Jungian psychoanalysis. It will be essential reading for psychoanalysts, psychotherapists, students, and those with an interest in Jung.
Author: Robert E. Wright
Publisher: University of Pennsylvania Press
ISBN: 0812245644
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
Drawing on legal and economic history, Robert E. Wright traces the development of corporate institutions in America, connecting today's financial failures to weakened internal corporate regulation.
Author: Brian Cheffins
Publisher: Oxford University Press
ISBN: 0190640332
Category : Law
Languages : en
Pages : 400
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Book Description
For decades, the public company has played a dominant role in the American economy. Since the middle of the 20th century, the nature of the public company has changed considerably. The transformation has been a fascinating one, marked by scandals, political controversy, wide swings in investor and public sentiment, mismanagement, entrepreneurial verve, noisy corporate "raiders" and various other larger-than-life personalities. Nevertheless, amidst a voluminous literature on corporations, a systematic historical analysis of the changes that have occurred is lacking. The Public Company Transformed correspondingly analyzes how the public company has been recast from the mid-20th century through to the present day, with particular emphasis on senior corporate executives and the constraints affecting the choices available to them. The chronological point of departure is the managerial capitalism era, which prevailed in large American corporations following World War II. The book explores managerial capitalism's rise, its 1950s and 1960s heyday, and its fall in the 1970s and 1980s. It describes the American public companies and executives that enjoyed prosperity during the 1990s, and the reversal of fortunes in the 2000s precipitated by corporate scandals and the financial crisis of 2008. The book also considers the regulation of public companies in detail, and discusses developments in shareholder activism, company boards, chief executives, and concerns about oligopoly. The volume concludes by offering conjectures on the future of the public corporation, and suggests that predictions of the demise of the public company have been exaggerated.
Author: Stephen M. Bainbridge
Publisher: Cambridge University Press
ISBN: 1316515478
Category : Business & Economics
Languages : en
Pages : 241
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Book Description
The Profit Motive offers a legal and economic defense of shareholder capitalism against proponents of corporate social responsibility.
