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Vol. 16, Issue 4
A Traitor To His Class
Robert A. G. Monks and the Battle to Change Corporate America
By: Hillary Rosenberg
288 pp. John Wiley & Sons 1999
Review by: Lydia Morris Brown
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Today, U.S. institutional investors own almost 50 percent of corporate America’s equities and many of them have learned how to flex their collective muscle to drive change at troubled companies and even, occasionally, to drive out ineffective CEOs. Moreover, corporate managements and their boards are increasingly attentive to the wants and needs of these shareholders and are, thus, striving to become trustworthy custodians. All this is due in great part to the efforts of Robert A. G. Monks, who some call "a Jesus Christ of the activism movement - a kind of messiah." A Traitor To His Class vividly traces Monks’ experiences as a corporate attorney, businessman, venture capitalist, federal regulator and, most importantly, shareholder activist. The work not only provides insight into a unique and enigmatic individual, it also details the history of how shareholder activism grew from a controversial idea to an irrevocable reality.
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Our Most Popular Summaries |
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Vol. 25, Issue 4
Made to Stick
Why Some Ideas Survive and Others Die
By: Chip Heath and Dan Heath
291 pp. Random House, Inc.
Review by Simone Isadora Flynn, Ph.D.
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