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Berkshire's disintermediation: Buffett's New Managerial Model

Cunningham, Lawrwence A. - 2015

Berkshire Hathaway, among history's largest and most successful corporations, shuns middlemen; its chairman, the legendary investor Warren Buffett, excoriates financial intermediaries. The acquisitive conglomerate rarely borrows money, retains brokers, or hires consultants. Its governance is...

Persistent link: https://www.econbiz.de/10011758401

The Bargain between the Elite and the Majority to Control Politicians and Managers : Party and Managerial Ideologies as Devices to Align Agents

Eastman, Wayne; Collier, Deirdre M. - 2008

How can office-seeking politicians or managers be aligned with social welfare or firm welfare, given that such agents … preferences in situations with high participation costs? In the for-profit firm, the primary elite-majority bargain to reduce … agency costs involves the creation of an electorate of shareholders who as residual claimants are better aligned with firm …

Persistent link: https://www.econbiz.de/10014047248

The Modern Corporation Statement on Management

Willmott, Hugh Christopher - 2016

and finance. This comes at the detriment of broader and longer-term perspectives on the purpose of the firm in modern …

Persistent link: https://www.econbiz.de/10012980046

Corporate Governance and Entrepreneurial Firms

Audretsch, David B.; Lehmann, Erik E. - In: Foundations and Trends(R) in Entrepreneurship 10 (2014) 1-2, pp. 1-160

fragmented ownership, caused by the separation of ownership and control, shifts power in the firm toward managers. While this …

Persistent link: https://www.econbiz.de/10010990890

From boardroom to C-suite : why would a company pick a current director as CEO?

Larcker, David F.; Tayan, Brian - 2017

Many observers consider the most important responsibility of the board of directors its responsibility to hire and fire the CEO. To this end, an interesting situation arises when a CEO resigns and the board chooses neither an internal nor external candidate, but a current board member as...

Persistent link: https://www.econbiz.de/10011870297

Is Shareholder Primacy a Reality in Brazil? An Analysis of the Duties of Corporate Managers from Multiple Perspectives

Di Miceli da Silveira, Alexandre - 2015

I analyze the current prevalence of the concept of shareholder value maximization in Brazil from the normative, case law, and managerial perspectives. On the normative aspect, I show that Brazilian corporate law is much closer to a balanced and socially oriented perspective for the role of...

Persistent link: https://www.econbiz.de/10013019663

The Strategic Choice of Managers and Managerial Discretion

Yin, Xiangkang - 2003

Managerial discretion is likely to be beneficial to shareholders because of strategic cross-effects in an oligopoly. In certain circumstance, shareholders deliberately keep certain managerial discretion in equilibrium even the reduction of managerial discretion is cost free. It is found that...

Persistent link: https://www.econbiz.de/10014120009