Harvard Business Review

DECEMBER 1, 2011

This blog post is part of the HBR Online Forum The CEO's Role in Fixing the System. I believe these arguments often miss a nuance: It is not the short-term investor but short-term management that is the problem. The short-term investor does not reduce the firm's long-term competitiveness and value;short-term management does.

Short-term 14

Short-term Hostile Takeover Long-term Management 14

Harvard Business Review

OCTOBER 3, 2016

Last year, Jeff Smisek, the former CEO of United Airlines, received a separation payment of $4.875 million in cash along with additional equity awards and other benefits for a total of close to $37 million after being ousted from his company. This was quickly followed by the era of hostile takeovers in the 1980s.

Golden Parachute 9

Golden Parachute Hostile Takeover Airlines Execution 9

Harvard Business Review

SEPTEMBER 12, 2014

No institution is more responsible for educating the CEOs of American corporations than Harvard Business School – inculcating in them a set of ideas and principles that have resulted in a pay gap between CEOs and ordinary workers that’s gone from 20-to-1 fifty years ago to almost 300-to-1 today.

Hostile Takeover 8

Hostile Takeover Education CEO Class 8

Harvard Business Review

JANUARY 21, 2014

Contrary to the adverse experience of some governing boards, activist investors can actually prove to be a leadership asset on the board rather than a disruptive force—providing the boardroom is well-managed and led. It was the directors’ decision to make, but it was one helped to catalyze into reality by Carl Icahn.

Hostile Takeover 8

Hostile Takeover Chief Financial Officer Due Diligence Charan 8