num_pages: 256
description: As Rappaport keeps on speaking out for the realities surrounding investment and speculation our society will profit as it builds on his keen insights.from the Foreword by John C. Bogle founder of the Vanguard Group Al Rappaport brings insight and wisdom to the short-termism debate fully demonstrating the way perverse incentives are undermining public companies and capital markets.John Plender Financial Times In this rigorous useful and delightful book Rappaport undresses short-term financial incentives for what they parasites that draw the value-creating innovation out of companies. And he shows how executives can align long-term value-creating investments with the right investors' expectations.Clayton Christensen Harvard Business School How to make managers focus on the long-run is one of the most consequential and difficult questions in corporate governance and is the subject of much debate and disagreement. Professor Alfred Rappaports insightful book is a valuable contribution to this important debate.Lucian Bebchuk Professor Harvard Law School and coauthor of Pay Without Performance  Saving Capitalism from Short-Termism insightfully exposes the contradictions by which we incentivize money managers to require short-term focus by company managers. Again and again in rereading this book I am struck with the authors felicitous style in raising subject after subject in which I have long been interestedbut until this read have not been able to resolve. Buy it read it and enjoy.Robert A.G. Monks founder ISS (Institutional Shareholder Services) Lens Governance Advisors and The Corporate Library Capitalism fails when corporate managers and professional investors prefer their own interests to those the true owners of businesses. In Saving Capitalism from Short-Termism  Al Rappaport shows how new incentives schemes can deliver shareholder value for the 21st century.Edward Chancellor author of Devil Take the A History of Financial Speculation and member of GMO's Asset Allocation team About the Book Business leaders today obsess over quarterly earnings and the current stock priceand for good reason. Corporate incentives typically focus on short-term profits rather than long-term value creation. Nothing is more harmful to businessesand to the broader economy. Few business thinkers in recent decades have contributed more to this subject than Alfred Rappaport. As an author and educator Rappaport is a pioneer in developing the principles of values-based management and is an acknowledged authority on how to make long-term shareholder value the essential driver of corporate strategy. His latest work Saving Capitalism from Short-Termism  is a clarion call for conquering the addiction to short-term profitand getting on the path to building long-term value. Rappaports solution to short-termism is simple but business leaders must align the interests of corporate and investment managers with those of their shareholders and beneficiaries. His plan 
language: English
title: Saving Capitalism From Short-Termism: How to Build Long-Term Value and Take Back Our Financial Future
publisher: McGraw Hill