Diagnosis

 

> Shareholder value fundamentalism

The Great Bank Robbery, Nassim Nicholas TALEB, 2nd September 2011

Out of control: the destructive power of financial markets, Dietmar HAWRANEK, Armin MAHLER, Christoph PAULY, Michaela SCHISSL, Thomas SCHULZ, 22th February 2011

BP’s failure to debias: underscoring the importance of behavioural corporate finance, Hersh SHEFRIN, Enrico Maria CERVELLATI, March 2011

Value destruction and financial reporting decisions, John GRAHAM, Harvey CAMPBELL and Shivaram RAJGOPAL, September 2006

The economics of short-term performance obsession, Alfred RAPPAPORT, 2005

Rethinking “shareholder value” and the purpose of the firm, Aspen Institute, 2011

 

> Regulatory capture

The corporate capture of the United States, Robert MONKS, 5th January 2012

 

> Narrow conception of risk

Meltdown: not just a metaphor, Joseph STIGLITZ, 6th April 2011

The Black Swan: The Impact of The Highly Improbable, Nassim Nicholas TALEB, 2007

 

> Organisational learning disabilities

Predictable Surprises: The Disasters You Should Have Seen Coming, And How To Prevent Them, Max BAZERMAN Max, Michael WATKINS, 2004

The next catastrophe: reducing our vulnerabilities to natural, industrial, and terrorist disasters, Charles PERROW, 2007

 

> Leadership failures

 Pay without performance: the unfulfilled promised of executive compensation, BECHBUK Lucian, FRIED Jesse, 2004

Stop tying pay to performance, Bruno FREY, Margit OSTERLOH, 2012

Taking the lid off CEO pay, CAULKIN Simon, April 2012

In financial crisis, no prosecution of top figures, Gretchen MORGENSON, Louise STORY, 2011

Inside Job, Charles FERGUSON, 2011

Smeal professor addresses CEO confidence and risk-taking, Don HAMBRICK, 2010


> Weak concern for negative externalities

 Did the US taxpayer really make a profit on the bank bailout?, Deniz ANGINER, 2012

The million dollar gram, David MCCANDLESS, 2009

 

Ways forward

 

 > General

High Performance with High Integrity, Ben HEINEMAN, 2010

The pension fund revolution, Peter DRUCKER, 1976

The big idea: creating shared value, Michael PORTER, Mark KRAMER, January 2011

Capitalism for the long term, Dominic BARTON, 1st March 2011

A manifesto for sustainable capitalism, Al GORE, David BLOOD, 11st December 2011

A systems approach to financial reform, John FULLERTON, January 2012

> Investing

Wealth Across Generations: Can Pension Funds Shape the Future of Capitalism, Keith AMBACHTSHEER, November 2011

Reclaiming Fiduciary Duty Balance, James HAWLEY, Keith JOHNSON, Ed WAITZER, 2011

Investing for the long run, Andrew ANG, Knut KJAER, November 2011

Accelerating the transition towards sustainable investing, World Economic Forum, 2011

Pension funds as universal owners: opportunity beckons and leadership calls, Roger URWIN, 2011

 

Comments are closed.