HBR's 10 Must Reads 2019

BOWER AND PAINE performance measurement and executive compensation to share- holder rights, the role of directors, and corporate ...

even more widely, as experts predict— could be damaging to the broader economy. In particular we are concerned about the eff ect ...

BOWER AND PAINE endowed by law with the potential to endure over time. And it would acknowledge accepted legal principles holdin ...

THE ERROR AT THE HEART OF CORPORATE LEADERSHIP Jensen and Meckling do not discuss shareholders’ wishes regard- ing the ethical s ...

BOWER AND PAINE the corporation’s activities, but they do not have “dominion” over a piece of property. Nor do they enjoy access ...

THE ERROR AT THE HEART OF CORPORATE LEADERSHIP on the basis of returns from the total basket of investments man- aged. A consequ ...

BOWER AND PAINE of that vote makes it diffi cult to regard them as proprietors of the company in any customary sense. The anonym ...

THE ERROR AT THE HEART OF CORPORATE LEADERSHIP In a well- ordered economy, rights and responsibilities go together. Giving share ...

BOWER AND PAINE The theory’s assumption of shareholder uniformity is contrary to fact: Shareholders do not all have the same ob ...

THE ERROR AT THE HEART OF CORPORATE LEADERSHIP argument was used to garner support for linking pay more closely to stock perform ...

BOWER AND PAINE dropped from 61% to 10%, and the share with a standing poison pill fell from 60% to 4%. (Companies without a sta ...

THE ERROR AT THE HEART OF CORPORATE LEADERSHIP The Activist’s Playbook For an understanding of the agency- based model in practi ...

BOWER AND PAINE Taken individually, a change such as majority voting for directors may have merit. As a group, however, these ch ...

THE ERROR AT THE HEART OF CORPORATE LEADERSHIP businesses, and selecting one or two bright prospects to grow— all this takes tal ...

BOWER AND PAINE corporation might lose bright prospects that could have been devel- oped into the stars and cash cows of the fut ...

THE ERROR AT THE HEART OF CORPORATE LEADERSHIP value has not been created. Nothing has been created. Rather, cash that would hav ...

BOWER AND PAINE damage to the environment, and irregularities in accounting and fi nancial reporting. We are not aware of any st ...

THE ERROR AT THE HEART OF CORPORATE LEADERSHIP distinctive and socially valuable features of the corporation, and the associated ...

BOWER AND PAINE and may even make it worse. (Part of the problem with equity- based pay is that it confl ates executive skill an ...

THE ERROR AT THE HEART OF CORPORATE LEADERSHIP simultaneously over time. As a historical matter, the original pur- pose of the c ...