The New Capitalists

How Citizen Investors Are Reshaping the Corporate Agenda

Stephen Davis, Jon Lukomnik, David Pitt-Watson - Collection General Management

288 pages, parution le 01/10/2006

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Résumé

The owners of today's corporate giants aren't who you think they are. And they're compelling dramatic change across the globe.

THANKS TO THE UBIQUITY OF MUTUAL FUNDS and retirement plans, the actual owners of the world's corporate giants-the IT pacesetters in Silicon Valley, the oil operators of Nigeria, the chemical behemoths in Germany, the breweries in Mexico-are no longer a few wealthy families or state agencies. Rather, they are the many millions of people who have their life savings invested in the shares of today's largest companies.

Grassroots owners have ideas about value that differ markedly from those of Wall Street players, tycoons, or politicians. And corporate directors and executives are coming under increasing pressure to respond. The New Capitalists How Citizen Investors Are Reshaping the Corporate Agenda provides examples-from GE to Disney to British Petroleum-of enterprises whose shareowners are beginning to wield influence in ways unimaginable just several years ago.

Davis, Lukomnik, and Pitt-Watson describe how civil ownership is profoundly altering our world-by forcing the rise of a new species of corporation. Energized investment funds have already begun demolishing old rules and habits, laying the groundwork for a new "constitution of commerce"-one in which investors, corporate executives, information providers, civic lobbies, political parties, unions, religious institutions, and involved citizens all play a role.

The authors spell out conventional thinking destined for extinction-and fresh strategies that companies are implementing to survive in the emerging "civil economy." They show how in this new age, successful enterprises increasingly are those that demonstrate skill in cultivating commercial dynamism-but in a context of accountability to shareowners. They also pinpoint how investors, advisers, activists, and policy makers can best make their voices heard.

L'auteur - Stephen Davis

Stephen Davis is president of Davis Global Advisers, Inc., the world's leading adviser on international corporate governance.

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L'auteur - Jon Lukomnik

Jon Lukomnik is the managing partner of Sinclair Capital LLC and former Deputy Comptroller of New York City, where he managed $80 billion in assets.

L'auteur - David Pitt-Watson

David Pitt-Watson is former Chief Executive of Hermes Focus Asset Management, Europe's leading shareholder activist fund manager.

Sommaire

Acknowledgments
Preface
The New Capitalists
The New Capitalist Circle of Accountability
The New Capitalist Ecosystem
The New Capitalist Agenda
Notes
Selected Bibliography
Index
About the Authors

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Harvard Business School Press (HBS)
Auteur(s)	Stephen Davis, Jon Lukomnik, David Pitt-Watson
Collection	General Management
Parution	01/10/2006
Nb. de pages	288
Format	16 x 24
Couverture	Relié
Poids	625g
Intérieur	Noir et Blanc
EAN13	9781422101018
ISBN13	978-1-4221-0101-8