Author: Margaret M. Blair
Publisher: Brookings Institution Press
ISBN: 9780815719540
Category : Business & Economics
Languages : en
Pages : 92
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Book Description
In this companion handbook to The Deal Decade: What Takeovers and Leveraged Buyouts mean for Corporate Governance, Margaret Blair and Girish Uppal present summary statistics and details on the corporate restructuring movement of the 1980s. The authors summarize data from private buyouts, junk bond issuances, and aggregate changes in corporate debt. They also report on the changing patterns of corporate ownership, shareholder activism, and changes in the law affecting takeovers. Finally, they put the 1980s into historical context by presenting data tracking merger and acquisition activity since 1955.
Author: Margaret M. Blair
Publisher: Brookings Institution Press
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 416
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Book Description
U.S. companies are still reeling from the takeovers, leveraged buyouts, junk bond issues, re-capitalizations, and other financial restructuring transactions that reshaped corporations in the 1980s. In this book, distinguished economists and scholars in the business administration, management, and law discuss how those transactions affected corporate management and the financial markets. The authors examine why so much corporate restructuring occurred and, particularly, what corporate governance problems were behind it. They evaluate the causes and effects of restructuring, the economic, political, and legal environment that encouraged it, and the new laws and court rulings that resulted. The contributors explain that financial restructuring was driven by a dispute over who should control large public corporations, what their goals should be, to whom the organizations and their managers should be accountable, and how to make them more accountable. Although the wave of financial restructuring itself has subsided, this conflict remains unsolved and will continue to influence the business climate. The Deal Decade addresses such issues as: Why did long-dormant questions about corporate performance and governance surface in the 1980s? Why did they manifest themselves in takeovers and financial restructurings? Why would capital structure be likely to affect corporate performance? Were the increased use of debt and rapid pace of innovation in financial markets, and the explosion in takeover activity independent phenomena or related? And if related, which caused which? Finally, why did the impulse to restructure subside without having resolved the controversies that underlay it?
Author: Margaret Blair
Publisher: Brookings Institution Press
ISBN: 0815719531
Category : Business & Economics
Languages : en
Pages : 407
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Book Description
U.S. companies are still reeling from the takeovers, leveraged buyouts, junk bond issues, re-capitalizations, and other financial restructuring transactions that reshaped corporations in the 1980s. In this book, distinguished economists and scholars in the business administration, management, and law discuss how those transactions affected corporate management and the financial markets. The authors examine why so much corporate restructuring occurred and, particularly, what corporate governance problems were behind it. They evaluate the causes and effects of restructuring, the economic, political, and legal environment that encouraged it, and the new laws and court rulings that resulted. The contributors explain that financial restructuring was driven by a dispute over who should control large public corporations, what their goals should be, to whom the organizations and their managers should be accountable, and how to make them more accountable. Although the wave of financial restructuring itself has subsided, this conflict remains unsolved and will continue to influence the business climate. The Deal Decade addresses such issues as: Why did long-dormant questions about corporate performance and governance surface in the 1980s? Why did they manifest themselves in takeovers and financial restructurings? Why would capital structure be likely to affect corporate performance? Were the increased use of debt and rapid pace of innovation in financial markets, and the explosion in takeover activity independent phenomena or related? And if related, which caused which? Finally, why did the impulse to restructure subside without having resolved the controversies that underlay it?
Author: Charles R. Geisst
Publisher: John Wiley & Sons
ISBN: 0471480851
Category : Business & Economics
Languages : en
Pages : 354
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Book Description
DEALS OF THE CENTURY Throughout history, mergers and acquisitions have been the major game played on Wall Street. These deals have had far-reaching effects, on the worlds of finance and industry - more than most commentators or financiers are publicly willing to admit. Deals of the Century captures this dynamic moment in history by taking an in-depth look at the most notable merger and acquisition deals of the twentieth of Carnegie Steel in 1901 to the creation of the former AOL Time Warner, renowned business historian and bestselling author Charles Geisst traces the deals that have had the most dramatic impact on the worlds of both finance and industry over the past century. Decade by decade, you'll be introduced to the personalities behind each event, as industries are built, dismantled, and reorganized by "professionals" driven mainly by the profits extracted from the deals themselves. Engaging and informative, Deals of the Century paints an exciting portrait of the incredible M&A journey and illustrates how many of these deals changed the face of business, creating a modern capitalist society that continues to grow.
Author: David Brewer
Publisher: Bloomsbury Publishing
ISBN: 085772732X
Category : History
Languages : en
Pages : 336
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Book Description
In this book, acclaimed history David Brewer investigates explores 1940s Greece -- one of the most tumultuous decades in Greece's modern history. Beginning in 1941, the occupation of Greece by Germany was intensely brutal: children starved on the streets of Athens; the Jewish population was decimated in the Holocaust; heroic acts of resistance were met with vicious reprisals. When Greece was finally freed from Nazi rule in 1944, the fractured and embittered nation became engulfed in civil war, as conflict flared between the British and American-sponsored government and communist-led rebels. In Greece, The Decade of War, Brewer expertly analyses these events and in doing so provides a compelling military and political history.
Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 0393078388
Category : Business & Economics
Languages : en
Pages : 415
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Book Description
How one of the greatest economic expansions in history sowed the seeds of its own collapse. With his best-selling Globalization and Its Discontents, Joseph E. Stiglitz showed how a misplaced faith in free-market ideology led to many of the recent problems suffered by the developing nations. Here he turns the same light on the United States. The Roaring Nineties offers not only an insider's illuminating view of policymaking but also a compelling case that even the Clinton administration was too closely tied to the financial community—that along with enormous economic success in the nineties came the seeds of the destruction visited on the economy at the end of the decade. This groundbreaking work by the Nobel Prize-winning economist argues that much of what we understood about the 1990s' prosperity is wrong, that the theories that have been used to guide world leaders and anchor key business decisions were fundamentally outdated. Yes, jobs were created, technology prospered, inflation fell, and poverty was reduced. But at the same time the foundation was laid for the economic problems we face today. Trapped in a near-ideological commitment to free markets, policymakers permitted accounting standards to slip, carried deregulation further than they should have, and pandered to corporate greed. These chickens have now come home to roost. The paperback includes a new introduction that reviews the continued failure of the Bush administration's policies, which have taken a bad situation and made it worse.
Author: Michelle Shephard
Publisher: D & M Publishers
ISBN: 1553656598
Category : Political Science
Languages : en
Pages : 283
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Book Description
Decade of Fear is a darkly entertaining journey through the complicated, often bizarre world of national security since 9/11. On that night, Toronto Star journalist Michelle Shephard watched the remains of New York’s World Trade Center fall from the sky, wondering what much of the world was asking: “Why?” So began a ten-year search for answers that took her through the streets of Mogadishu and Karachi, into the mountains of Waziristan and behind the wire of Guantanamo Bay two dozen times. Shephard conducted hundreds of interviews worldwide, and with sharp insight and an appreciation for the absurd, she weaves together stories of warlords, presidents, spies, grieving widows and global terrorists, to describe the historic decade where often the West’s “solutions” for terrorism only served to exacerbate the problem. She cruises with former CIA bosses, runs alongside protestors in the streets of Sanaa to escape fire from Yemen’s security services during experience the Arab Spring, meets victims of terrorism who leave her devastated, and earns enough stamps on her Gitmo Starbucks card for a free latte. Gripping, heartbreaking and infuriating, Decade of Fear broadens our understanding of a decade that was all too often described through panicked rhetoric.
Author: Robert Blackwill
Publisher: Oxford University Press
ISBN: 0197677940
Category : History
Languages : en
Pages : 481
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Book Description
Across the political spectrum, there is wide agreement that Asia should be at the center of US foreign policy. But this worldview, the "Pivot to Asia" announced by the Obama Administration in 2011, is a dramatic departure from the entire history of American grand strategy. Ten years on, we now have some perspective to evaluate it in depth. In The Lost Decade, Robert Blackwill and Richard Fontaine take this long view. They conclude that there are few successes to speak of, and that we lack a coherent approach to the Indo-Pacific region. They examine the Pivot through various lenses: situating it historically in the context of America's global foreign policy, revealing the inside story of how it came about, assessing the effort thus far, identifying the ramifications in other regions (namely Europe and the Middle East), and proposing a path forward.
Author: Gabby Leibovich
Publisher: John Wiley & Sons
ISBN: 0730388476
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
‘Gabby and Hezi were always the most looked-up-to duo in ecommerce and they truly taught me how to trade!’ Nick Molnar, CEO, Afterpay ‘The Leibovich brothers are pioneers of Australian ecommerce. You cannot afford to not read this book.’ Christine Holgate, Group Chief Executive Officer & Managing Director, Australia Post Real stories and advice from digital entrepreneurs who have learned what it takes to succeed In Catch of the Decade, two of Australia’s most successful online superstars reveal how they’ve built, launched, merged, and sold some of the most disruptive businesses in Australia today: Catch, Scoopon, Menulog and Luxury Escapes. This book contains little-known secrets and strategies that will help you shorten your learning curve, avoid mistakes, and bring your business dream alive. The wisdom revealed in this book is hard won: brothers Gabby and Hezi Leibovich started with no money and no connections, turned their drawbacks into assets, and came out on top. You’ll learn how they rode the waves of entrepreneurialism and worked their way up. Learn proven tips to define, disrupt and dominate a sector or industry, straight from entrepreneurs who achieved their billion-dollar dreams. Read hard hitting, no bull nuggets of wisdom in the areas of customer service, PR, Buying and trading, engaging investors and more. Market-tested strategies for building big brands, creating high-performing teams and fostering a world-class entrepreneurial culture. For the first time, the Leibovich brothers are telling their story, in their own words, and you’ll learn how they got where they are today. Follow in their footsteps with over 200 bite-sized entries that are both inspirational and useful. Pick up Catch of the Decade and get moving!
Author: Brian Cheffins
Publisher: Oxford University Press
ISBN: 0190640340
Category : Law
Languages : en
Pages : 400
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Book Description
For decades, the public company has played a dominant role in the American economy. Since the middle of the 20th century, the nature of the public company has changed considerably. The transformation has been a fascinating one, marked by scandals, political controversy, wide swings in investor and public sentiment, mismanagement, entrepreneurial verve, noisy corporate "raiders" and various other larger-than-life personalities. Nevertheless, amidst a voluminous literature on corporations, a systematic historical analysis of the changes that have occurred is lacking. The Public Company Transformed correspondingly analyzes how the public company has been recast from the mid-20th century through to the present day, with particular emphasis on senior corporate executives and the constraints affecting the choices available to them. The chronological point of departure is the managerial capitalism era, which prevailed in large American corporations following World War II. The book explores managerial capitalism's rise, its 1950s and 1960s heyday, and its fall in the 1970s and 1980s. It describes the American public companies and executives that enjoyed prosperity during the 1990s, and the reversal of fortunes in the 2000s precipitated by corporate scandals and the financial crisis of 2008. The book also considers the regulation of public companies in detail, and discusses developments in shareholder activism, company boards, chief executives, and concerns about oligopoly. The volume concludes by offering conjectures on the future of the public corporation, and suggests that predictions of the demise of the public company have been exaggerated.
