This paper is the sixth and seventh of eight course readings for our leadership course.The intention of this one semester leadership course is to leave participants actually being leaders and exercising leadership effectively as their natural self-expression. By “natural self-expression” we...

There is probably no concept so widely discussed and so dearly beloved as freedom, and yet so widely misunderstood. Freedom is something most of us want desperately for ourselves and we take great pride in claiming it as a characteristic of our society. Nevertheless, most of us have given little...

Is there a fundamental conflict between a political democracy as we know it and a free market, private enterprise or capitalist system? William Meckling and Michael Jensen of the University of Rochester, New York, believe that indeed there is, and that it is only a matter of time before the...

This interview is Part 1 Video 2 of a two-part series (which series contains 2 pdf files of the transcripts and 4 videos) in which Professor Ralph Walkling, the Stratakis Chair in Corporate Governance and Executive Director of the Center for Corporate Governance at Drexel University, interviews...

This interview is Part 2 Video 4 of a two-part series (which series contains 2 pdf files of the transcripts and 4 videos) in which Professor Ralph Walkling, the Stratakis Chair in Corporate Governance and Executive Director of the Center for Corporate Governance at Drexel University, interviews...

Frontmatter -- Contents -- Preface -- Introduction -- I Corporate Governance and the Market for Corporate Control -- 1 U.S. Corporate Governance: Lessons from the 1980s -- 2 The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems -- 3 Active Investors, LBOs, and the...