The Horizons Tracker

JANUARY 4, 2022

The extent of this impact has been confirmed by a recent Wharton study , which shows that the stress associated with leadership can reduce the life expectancy of CEOs. Indeed, the study found that when anti-takeover laws provided a degree of protection from takeover pressures, the average lifespan of a CEO rose by 2 years, compared to a 1.5-year

Stress 98

Stress CEO Hostile Takeover Incentives 98

Harvard Business Review

DECEMBER 1, 2011

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. Indirectly though, these short-term traders can destroy value.

Short-term 14

Short-term Hostile Takeover Long-term Management 14

Harvard Business Review

SEPTEMBER 12, 2014

As the authors put it, “any leader with a long view understands that business has a profound stake in the prosperity of the average American.”. Business managers are gaining professional status partly because they see in their work the basic responsibilities [to the public] that other professional men have long recognized as theirs.”

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. In doing so, activist investors are not just benefitting from a company’s leadership.

Hostile Takeover 8

Hostile Takeover Chief Financial Officer Due Diligence Charan 8