article thumbnail

Preview Thursday: Benefit Corporation Law and Governance: Pursuing Profit with Purpose

Lead Change Blog

I spent almost 30 years as a lawyer in private practice, advising business leaders on Delaware corporate law issues – addressing matters like preferred stock financings, IPOs, mergers, hostile takeovers, proxy contests, corporate governance and fiduciary issues. How could we expect that to turn out well?

article thumbnail

What's Lost When Shareholders Rule

Harvard Business Review

The form of capitalism that has emerged in Britain is the textbook description of how to organize capital markets and corporate sectors. What exactly is wrong with the progressively greater control that banks, private equity investors, stock markets, and takeovers have exerted over the British corporate sector? Even in the U.S.,

article thumbnail

An Activist Investor Lands in Your Boardroom — Now What?

Harvard Business Review

More than 200 activist-investor initiatives hit companies in 2013, a seven-fold increase over a decade earlier. Founder and primary owner of Icahn Enterprises, Icahn had been tagged a corporate raider for his hostile takeover of TWA in 1985. But in recent times a better sobriquet has been that of activist investor.