Harvard Business Review

DECEMBER 1, 2011

Not surprisingly, some investors would seek to benefit from the combination of lower transaction costs and opportunity to make money from the fluctuations in prices. The short-term price of a stock can differ from that implied by the firm's long-term valuation. There are many reasons for managers not to ignore the short-term price.

Short-term 15

Short-term Hostile Takeover Long-term Management 15

Harvard Business Review

SEPTEMBER 12, 2014

A half-century ago, CEOs typically managed companies for the benefit of all their stakeholders – not just shareholders, but also their employees, communities, and the nation as a whole. American companies and American citizens achieved a virtuous cycle of higher profits accompanied by more and better jobs.

Hostile Takeover 8

Hostile Takeover Education CEO Class 8

Harvard Business Review

JANUARY 21, 2014

But as we have suggested elsewhere, activists are here to stay , and are increasingly prominent players on the equity landscape—sometimes even inside the company boardroom. More than 200 activist-investor initiatives hit companies in 2013, a seven-fold increase over a decade earlier.

Hostile Takeover 8

Hostile Takeover Chief Financial Officer Due Diligence Charan 8

Harvard Business Review

MAY 13, 2013

which is by global standards pretty close to the textbook, would-be reformers often cite the British example (on shareholder input into executive pay, for example, or the ease of hostile takeovers) as something to strive toward. Even in the U.S., What will you forgo if you deceive me; what will I endure from abusing your confidence?

Hostile Takeover 8

Hostile Takeover Commitment Banking Incentives 8