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The Resource Executive defense : shareholder power and corporate reorganization, Michael Useem

Executive defense : shareholder power and corporate reorganization, Michael Useem

Label
Executive defense : shareholder power and corporate reorganization
Title
Executive defense
Title remainder
shareholder power and corporate reorganization
Statement of responsibility
Michael Useem
Creator
Subject
Genre
Language
eng
Summary
  • "A quiet revolution came to corporate America during the late 1980s and early 1990s. Large shareholders - pension funds, insurance companies, money managers, and commercial banks - exercised new-found muscle, pressuring senior managers to improve disappointing financial results by reshaping their organizations. Michael Useem reveals how those investor pressures have transformed the inside structures of many corporations, better aligning them with shareholder interests." "Useem draws on numerous sources, including interviews with senior managers and intensive studies of seven large corporations representing a range of restructuring experiences and industries - including pharmaceuticals, transportation, chemicals, retailing, and financial services. He shows that organizational changes have affected many areas of corporate life: headquarters staffs have been reduced, authority has filtered down to operating units, and compensation has become more closely tied to performance. Change also extends to corporate governance, where managers have fought back by seeking legal safeguards against takeovers and by staggering board terms. They've also put significant resources into building more effective relations with shareholders." "As Useem demonstrates, this revolution has reached beyond the corporation, influencing American politics and law. As increasing ownership concentration has caused companies to focus more attention on shareholders, corporate political agendas have shifted from fighting government regulation to resisting shareholder intrusion." "This book will be important reading for managers, economists, lawyers, financial analysts, and all observers of American business."--Jacket
  • "A quiet revolution came to corporate America during the late 1980s and early 1990s. Large shareholders - pension funds, insurance companies, money managers, and commercial banks - exercised new-found muscle, pressuring senior managers to improve disappointing financial results by reshaping their organizations. Michael Useem reveals how those investor pressures have transformed the inside structures of many corporations, better aligning them with shareholder interests." "Useem draws on numerous sources, including interviews with senior managers and intensive studies of seven large corporations representing a range of restructuring experiences and industries - including pharmaceuticals, transportation, chemicals, retailing, and financial services. He shows that organizational changes have affected many areas of corporate life: headquarters staffs have been reduced, authority has filtered down to operating units, and compensation has become more closely tied to performance. Change also extends to corporate governance, where managers have fought back by seeking legal safeguards against takeovers and by staggering board terms. They've also put significant resources into building more effective relations with shareholders." "As Useem demonstrates, this revolution has reached beyond the corporation, influencing American politics and law. As increasing ownership concentration has caused companies to focus more attention on shareholders, corporate political agendas have shifted from fighting government regulation to resisting shareholder intrusion." "This book will be important reading for managers, economists, lawyers, financial analysts, and all observers of American business."--BOOK JACKET
Cataloging source
DLC
http://library.link/vocab/creatorName
Useem, Michael
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Corporate governance
  • Corporations
  • Stockholders' voting
  • Stock ownership
  • Directors of corporations
  • Organizational change
  • Industrial management
Label
Executive defense : shareholder power and corporate reorganization, Michael Useem
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages [260]-278) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
26855257
Dimensions
25 cm
Extent
xi, 289 pages
Isbn
9780674273986
Isbn Type
(alk. paper)
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(WaOLN)1530666
Label
Executive defense : shareholder power and corporate reorganization, Michael Useem
Publication
Bibliography note
Includes bibliographical references (pages [260]-278) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
26855257
Dimensions
25 cm
Extent
xi, 289 pages
Isbn
9780674273986
Isbn Type
(alk. paper)
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(WaOLN)1530666

Library Locations

    • Thomas Jefferson LibraryBorrow it
      1 University Blvd, St. Louis, MO, 63121, US
      38.710138 -90.311107
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