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.

Management Styles

Strategy Driven

That’s my concern that financial-only focus without regard to other corporate dynamics bespeaks of hostile takeovers, ill-advised rollups and corporate raider activity in search of acquiring existing books of business.

12 Reasons Crisis Leadership Trumps Crisis Management

N2Growth Blog

1) Sudden Crisis: Natural disasters, terrorist attacks, workplace violence, hostile takeovers, environmental spills, technology disruptions, etc. By Damian D. “Skipper” Pitts. Chair, Organizational Development, N2Growth. The media lives for a crisis, politicians look for ways to gain advantage in a crisis, and some businesses will even try and profit from a crisis.

Crisis 149

The Big Picture of Business – Corporate Cultures Reflect Business Progress and Growth.

Strategy Driven

That’s my concern that financial-only focus without regard to other corporate dynamics bespeaks of hostile takeovers, ill-advised rollups and corporate raider activity in search of acquiring existing books of business. Organizations should coordinate management skills into its overall corporate strategy, in order to satisfy customer needs profitably, draw together the components for practical strategies and implement strategic requirements to impact the business.

A Short History of Golden Parachutes

Harvard Business Review

As I examined with my two co-authors, Mark Kennedy and Gerald Davis, in a 2012 research paper in the journal Organization Science, golden parachutes for top executives were created with very specific goals: to ensure shareholders wouldn’t lose out on beneficial M&A deals and to protect executives from the uncertainty of being fired in the wake of the corporate takeover wave of the 1980s. This was quickly followed by the era of hostile takeovers in the 1980s.

Beware of Short-term Management, Not the Short-term Investor

Harvard Business Review

A low stock price can make the firm vulnerable to a hostile takeover, for example. This blog post is part of the HBR Online Forum The CEO's Role in Fixing the System. Much has been made in recent years about the pernicious influence of short-term investors on corporate performance. I believe these arguments often miss a nuance: It is not the short-term investor but short-term management that is the problem.