Cover: Executive Defense in HARDCOVER

Executive Defense

Shareholder Power and Corporate Reorganization

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Product Details

HARDCOVER

$76.50 • £61.95 • €69.00

ISBN 9780674273986

Publication Date: 01/01/1993

Short

289 pages

6-1/8 x 9-1/4 inches

34 tables, 24 figures

World

  • 1. The Restructuring of American Business
    • Learning about Restructuring and Alignment
    • Organizational Alignment
    • Defining Shareholder Value
    • Corporate Stakeholders
    • Issues in Organizational Alignment
    • Rethinking Corporate Organization
  • 2. The Rise of Shareholder Power
    • Turnover in Corporate Ownership
    • The Rise of Institutional Shareholding
    • Mobilization of Shareholder Pressure
    • Shareholder Proposals
    • Corporate Defenses
    • Impact of Owner Challenges on Company Policies
    • Conclusion
  • 3. Organizational Alignment
    • Devolution of Authority
    • Decentralized Planning and Business Development
    • When Devolution is Incomplete
    • When Devolution Backfires
    • Creating a Culture of Self-Reliance
    • Measuring Decisions and Results
    • Contraction of Central Management
    • Conclusion
  • 4. Intensified Management of Managers
    • Knowledge of Management and Managerial Positions
    • Managerial Investment in Managing Managers
    • Managerial Misappointment
    • Incentives in Management Compensation
    • Spreading Contingent Compensation
    • Linking Contingent Compensations to Shareholder Value
    • The Problems of Asymmetry and Measurement in Linkage
    • In the Minds of Managerse
    • Transforming Managers into Owners
    • From Social Similarity to Managerial Performance
    • Balkanization of Managerial Careers
    • Conclusion
  • 5. Aligning Shareholders
    • The Rise of Investor Relations
    • Shareholder Communications
    • Recruiting, Retaining, and Changing Investors
    • Investors’ Impatient Message
    • Educating Unmotivated Learners
    • Mobilizing Shareholder Support
    • Preserving a Shareholder Rights Plan
    • Conclusion
  • 6. Restructured Agendas for Political Action
    • Contracted Corporate Action
    • Political Action for Shareholder Value
    • Fine-Tuning the Networks
    • Political Action for State Protection
    • Legislating State Protection
    • Opting Out of State Protection
    • The Accidental Element
    • Weakened Classwide Political Action
    • Conclusion
  • 7. Moving Alignment Up
    • Directors’ Compliance
    • Representation of Shareholder Interests
    • Aligning the Board
    • Moving Alignment Out
    • Conclusion
  • 8. The Paradoxes of Management and Ownership
    • The Paradox of Executive Power
    • The Paradox of Preemptive Executive Action
    • The Paradox of Internal Ownership
    • Ideology for Action
    • Managerial Action and Short-Term Gain
    • Systemic Alignment
    • Investor Capitalism
    • Counterpoints
    • Conclusion
  • Appendix 1: A Note on Compiling Information
  • Appendix 2: Tables Related to the Rise of Shareholder Power
  • References
  • Index

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