Popis: |
Chapter 8 examines the most prominent proposed cure in corporate policymaking circles: to give boards and executives more autonomy from stock markets. Such a cure has problems. Because boards and executives seem to be themselves sources of short-term thinking, it’s unclear, even for those who perceive a corporate short-termism problem with a stock market cause, whether more executive and board autonomy would improve the situation. More autonomy would simultaneously create other problems, including bolstering one of our business elites. |