By Mord Bogie
The huge public companies powering the U.S. economy―Churchill's Horses, in Bogie's metaphor―are underachievers, and we all are paying the associated fee. Why? the explanations are shrouded within the myths that those agencies use to masks their nice strength and hide the pursuits it serves. Myth: the shareholders who personal a public company keep an eye on it via electing the administrators who govern it. Anti-Myth (fact): shareholders of a public company do not select the administrators, and the administrators do not govern the company. Shareholders do not even personal the company in any significant experience of the be aware. but Churchill's Horses spend billions propping up the present fee in their stocks instead of make investments the cash of their (and our) destiny prosperity. utilizing many voices from present and up to date company literature, Bogie leads you thru myths and anti-myths to appreciate how public agencies have misplaced concentration and neglected their most vital stakeholders. Few readers will emerge with all their assumptions and ideology intact.
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Churchill's Horses and the Myths of American Corporations: Power, Stakeholders, and Governance: Power, Stakeholders and Governance by Mord Bogie
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