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Japan Is Counting on Shareholder Activism to Improve Its Economy

Harvard Business Review

CEOs live in fear of activist hedge funds, and politicians worry about their effects on workers. Since the global financial crisis, a new wave of “constructive,” or friendly, activists (typically referred to as engagement funds) has tackled the same corporate governance issues, but with an explicitly low-key, humbler approach.

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Idle Funds are the Devil's Playground

Harvard Business Review

Regarding the latter, we point to some well-documented and broadly perceived shifts in the geography, demography, and technology of global economic activity. The result has been an economic system built increasingly around the maximization of ROE. This is the "hot money" that Mahathir referred to.

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End the Religion of ROE

Harvard Business Review

corporation than "what's the ROE on that?" ROE justifies the means. To an extent not widely recognized, it was an equation in the first place that gave ROE the power to dominate not just investment decisions, but an entire business culture. There is no more powerful question in a U.S. Social media spending? Wellness checkups?

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