Preface: Singletonville -- Introduction: an intelligent iconoclasm -- A perpetual motion machine for returns : Tom Murphy and capital cities -- Broadcasting -- An unconventional conglomerateur : Henry Singleton and teledyne -- The turnaround : Bill Anders and General Dynamics -- Value creation...

This questionnaire survey of fund managers in the United States, Germany and Switzerland documents a distinctly positive influence of bonus payments on investment behavior on both sides of the Atlantic. Higher bonus payments are significantly related to higher working effort but not to risk...