Citizens DisUnited: Passive Investors, Drone CEOs, and the Corporate Capture of the American Dream

Nonfiction, Social & Cultural Studies, Political Science, Government, Democracy, Business & Finance, Business Reference
Cover of the book Citizens DisUnited: Passive Investors, Drone CEOs, and the Corporate Capture of the American Dream by Robert A.G. Monks, Miniver Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Robert A.G. Monks ISBN: 9781939282118
Publisher: Miniver Press Publication: March 9, 2013
Imprint: Smashwords Edition Language: English
Author: Robert A.G. Monks
ISBN: 9781939282118
Publisher: Miniver Press
Publication: March 9, 2013
Imprint: Smashwords Edition
Language: English

Democratic capitalism—the source of America’s vast wealth, the foundation of our entire economic system—is threatened as never before, not from without but from within. Shareholders today no longer own, except in the narrowest legal sense, the corporations they have invested in. Emboldened by the Supreme Court and enabled by a compliant Congress and compromised regulators, America’s CEOs have staged a corporate coup d’état. They, not the titular owners of the businesses, decide where and how company resources will be deployed, what laws will be evaded in the pursuit of short-term gain, what offshore havens profits will be stashed in to avoid taxation, and critically, how lavishly the CEOs themselves will be compensated.

Far too much of American business is being run for the personal enrichment and glorification of its manager-kings.
This book shows how that happened and unveils, for the first time, a new study showing that corporations “un-owned” by their shareholders—corporate “drones”—are far worse corporate citizens and have significantly lower average shareholder returns than firms in which owners still exercise authority over management. Manager-kings, it turns out, are bad both for society and for business itself.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Democratic capitalism—the source of America’s vast wealth, the foundation of our entire economic system—is threatened as never before, not from without but from within. Shareholders today no longer own, except in the narrowest legal sense, the corporations they have invested in. Emboldened by the Supreme Court and enabled by a compliant Congress and compromised regulators, America’s CEOs have staged a corporate coup d’état. They, not the titular owners of the businesses, decide where and how company resources will be deployed, what laws will be evaded in the pursuit of short-term gain, what offshore havens profits will be stashed in to avoid taxation, and critically, how lavishly the CEOs themselves will be compensated.

Far too much of American business is being run for the personal enrichment and glorification of its manager-kings.
This book shows how that happened and unveils, for the first time, a new study showing that corporations “un-owned” by their shareholders—corporate “drones”—are far worse corporate citizens and have significantly lower average shareholder returns than firms in which owners still exercise authority over management. Manager-kings, it turns out, are bad both for society and for business itself.

More books from Business Reference

Cover of the book Physical and Psychological Health Following Military Sexual Assault by Robert A.G. Monks
Cover of the book The Truth About Sucking Up: How Authentic Self-Promotion Benefits You and Your Organization by Robert A.G. Monks
Cover of the book CSR und Kultur by Robert A.G. Monks
Cover of the book How to Design a Paperback Book Then Convert it to Ebook Format by Robert A.G. Monks
Cover of the book The Professional Woman's Guide to Giving Feedback by Robert A.G. Monks
Cover of the book Global Japanization? by Robert A.G. Monks
Cover of the book Personalführung durch entscheidungsrelevantes Wissen. Eine ethische Perspektive by Robert A.G. Monks
Cover of the book How to Become a Peanut-butter Maker by Robert A.G. Monks
Cover of the book How to Become a Sapphire-stylus Grinder by Robert A.G. Monks
Cover of the book Responsible Innovation by Robert A.G. Monks
Cover of the book International Financial and Monetary Law by Robert A.G. Monks
Cover of the book ACE the PMI-ACP® by Robert A.G. Monks
Cover of the book Drug and alcohol testing of employees and privacy rights by Robert A.G. Monks
Cover of the book Joint Vision 2020 - Joint Chiefs of Staff by Robert A.G. Monks
Cover of the book Introductory Mathematics for Economics 14: Determinants by Robert A.G. Monks
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy