Investor Capitalism: How Money Managers are Rewriting the Rules of Corporate America Book + PRICE WATCH * Amazon pricing is not included in price watch

Investor Capitalism: How Money Managers are Rewriting the Rules of Corporate America Book

Michael Useem, a professor of management at the Wharton School of Business, explains an economic transformation that is not only changing corporate America but is having profound effects on the rest of society. Namely, that the managers of mutual funds now command so much power that corporate CEOs practically plead to have their stocks included in the fund. In turn, to make their stock appear attractive, CEOs are downsizing and restructuring companies in any way Wall Street deems favorable. And, strikingly, we approve of this action by supporting mutual funds. A revealing work.Read More

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  • Product Description

    Drawing on personal interviews with top executives and money managers, this inside look at more than 20 large corporations--including IBM, ITT, AT&T, American Airlines, and General Motors--shows how the explosive growth of institutional investing is changing the way corporations are run. Charts & graphs.

  • 046505031X
  • 9780465050314
  • Michael Useem
  • 1 June 1999
  • Basic Books
  • Hardcover (Book)
  • 352
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