By Mord Bogie
The huge public businesses powering the U.S. economy―Churchill's Horses, in Bogie's metaphor―are underachievers, and we all are paying the fee. Why? the explanations are shrouded within the myths that those firms use to masks their nice energy and hide the pursuits it serves. Myth: 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 pick 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 expense 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 companies have misplaced concentration and overlooked their most vital stakeholders. Few readers will emerge with all their assumptions and ideology intact.
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Additional info for Churchill's Horses and the Myths of American Corporations: Power, Stakeholders, and Governance: Power, Stakeholders and Governance
Churchill's Horses and the Myths of American Corporations: Power, Stakeholders, and Governance: Power, Stakeholders and Governance by Mord Bogie