What If Investors Who Held Their Shares Longer Got More Voting Power?
Harvard Business Review
APRIL 27, 2017
But I long for actions that go beyond admonitions to managers and boards to do better, that give both parties a better chance to stand up to capital markets players, like activist hedge funds, pressuring them to become too short-term focused. One capital form is debt: a bond. The Refresher: Net Present Value.
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