By Mord Bogie
The big public enterprises 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 companies use to masks their nice energy and conceal the pursuits it serves. delusion: the shareholders who personal a public company keep watch over it by way of electing the administrators who govern it. Anti-Myth (fact): shareholders of a public company do not opt for the administrators, and the administrators do not govern the company. Shareholders do not even personal the company in any significant feel of the observe. 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 enterprise 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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Extra info for Churchill's Horses and the Myths of American Corporations: Power, Stakeholders, and Governance
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