Corporate Governance: Promises Kept, Promises Broken
"Macey is a scholar who has mastered the latest and best scholarship in law, economics, finance, sociology, public choice theory, management and organization science, accounting and history. He prescribes a rational policy toward large corporations in a very readable and insightful work."--Henry G. Manne,Forbes.com"Against a backdrop of the most pervasive corporate failures since the Great Depression, Macey's book is must-reading for those who want to understand how we got into this mess. . . . It should be hoped that his well-documented criticisms of those corporate governance mechanisms that investors most heavily rely upon will be heeded."--C. Evan Stewart,New York Law Journal"A must read for governance scholars and policy makers."--S. Grove,Choice"Macey's discussion of a wide range of interrelated issues is marvelously clear and provocative."--Christopher C. Faille,Federal Lawyer"Given the governance failures in our post-Enron environment, now is a particularly good time to read this book. . . . I wish I'd written this book, although I could never have done it with the same flair and wisdom that Macey has done."--Nancy B. Rapoport,Business Law Today"Corporate Governanceis a strong step forward."--Gabriel D. Rosenberg,Yale Law and Policy Review"Macey makes a strong case for his judgment about most of these institutions and practices, and events since his book was completed reinforce his judgments."--William A. Niskanen,Regulation"Corporate Governance: Promises Kept, Promises Brokenprovides a cogent analysis of the various institutions and systems that are supposed to promote effective corporate governance. Meanwhile, Macey's provocative theories and opinions present interesting fodder for all students of corporate organization. The book would be a valuable addition to any academic law library. Indeed, though the work is academic in tone, law firms or public law libraries with strong corporate collections may also be interested in this text."--Sara R. Paul,Law Library Journal"Overall, the book is detailed, thorough, and easy to read and follow. . . . Macey's thoughts are obviously well-considered and thoroughly researched, and this book should be considered a must-read for anyone interested in the governance of U.S. companies. The book, or excerpts from it, would make a great companion to a corporations course because of its disagreements with the status quo."--Michael Sirkin,Concurring Opinions