Thursday, June 9, 2011

Saving Capitalism from Short-Termism

One of the most pleasurable experiences a reader can have is a new book by Al Rappaport on a subject in which they are interested.  His Saving Capitalism from Short-Termism insightfully exposes the contradictions by which we incentivize money managers to require short term focus by company managers.  “Incentive compensation is a devilishly complex matter” but surely we can agree that “what’s important is that fund managers and shareholder share a more equitable stake in the outcome, no matter what the mix of skill and luck”.

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.
 

June 9, 2011 in responsible ownership , shareholder activism , value  |  0 comments  | 

Post a comment

Comments

There are no comments currently for this item.

Copyright 2021 by Robert A. G. Monks