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How to Outsmart Activist Investors
George, Bill; Lorsch, Jay W.Article HBS-R1405F-ELeadership and People ManagementSince the start of the 21st century, a new breed of shareholder--the activist hedge fund--has frequently played a decisive role in interactions between corporations and markets. The game of these activists is simple: They buy stocks they view as undervalued and pressure management to do things they believe will raise the value, such as giving more cash back to shareholders or shedding divisions that the activists think are driving down the stock ...Starting at €8.20
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Leading from the Boardroom
Lorsch, Jay W.; Clark, Robert C.Article HBS-R0804G-ELeadership and People ManagementThese days, boards are working overtime to comply with Sarbanes-Oxley and other governance requirements meant to protect shareholders from executive wrongdoing. But as directors have become more hands-on with compliance, they've become more hands-off with long-range planning. That exposes corporations and their shareholders to another - perhaps even greater - risk, say professors Lorsch, of Harvard Business School, and Clark, of Harvard Law Schoo...Starting at €8.20
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What Good Are Shareholders
Fox, Justin; Lorsch, Jay W.Article HBS-R1207B-ELeadership and People ManagementExecutives complain, with justification, that meddling and second-guessing from shareholders are making it ever harder for them to do their jobs effectively. Shareholders complain, with justification, of executives who pocket staggering paychecks while delivering mediocre results. Boards are stuck in the middle--and under increasing pressure to act as watchdogs and disciplinarians despite evidence that they're more effective as friendly advisers....Starting at €8.20
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Culture Is Not the Culprit
Lorsch, Jay W.; McTague, EmilyArticle HBS-R1604H-ELeadership and People ManagementWhen organizations get into big trouble, fixing the culture is usually the prescription. That's what most everyone said GM needed to do after its 2014 recall crisis. Cultural reform has likewise been proposed as the solution to the corrosive bureaucracy at the Veterans' Administration, unethical behavior in banks, and the excessive use of force by police. But interviews with successful change makers, conducted by Harvard Business School's Jay W. ...Starting at €8.20
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Recommendations to Meet Future Governance Challenges
Lorsch, Jay W.Article ART-2560-ECorporate GovernanceThere have been significant, positive changes in boardroom practices over the past 25 years. However, there is still work to do, says the author, whose expertise in corporate governance matters was tapped for lawsuits involving the Tyco and Enron fiascos at the dawn of this new century. Drawing on decades of research and experience, the author outlines the major problems that boards have faced over the past quarter century and the solutions propo...Starting at €8.20