In the News
2 March 2017 - Schumpeter’s recent column on corporate short-termism suggests that “the solution is to prod incumbent firms to invest vast amounts and insulate their managers from investors” (February 18th). On the contrary, the solutions should be much...
In the News
16 February 2017 - AS AMERICA’S economy has misfired over the past decade, several grand theories have emerged about what went wrong. Economists fret about secular stagnation, debt hangovers and whether demography explains sluggish growth. In American boardrooms, meanwhile,...
In the News
16 February 2017 - If they do, as many CEOs believe, this is a serious indictment of current corporate governance arrangements and has important policy implications. To take one close to my heart, if short-termism causes underinvestment, it will...
In the News
8 February 2017 - Does pressure to deliver short-term earnings undermine the long-term performance of U.S. companies? That’s been a hotly-debated issue in corporate America for a long time. (I remember the day in the 1980s when the late Senator...
In the News
8 February 2017 - On the day of the first-ever board meeting of FCLT Global, chair Mark Wiseman made the nonprofit’s position clear: “Each and every day that a short-term decision is made, we are destroying value.” Four months later,...
In the News
7 February 2017 - This has long seemed intuitively true to us. We’ve seen companies such as Unilever, AT&T, and Amazon succeed by sticking resolutely to a long-term view. And yet we have not had the comprehensive data needed...
In the News
5 October 2016 - An argument is raging on Wall Street. Some institutional investors are hoping to win it. Over the past year, questions have increasingly been raised over whether corporations are losing sight of the future by obsessing over...
In the News
29 September 2016 - The influential CEO of BlackRock, the asset manager that oversees almost $5 trillion in investments, Fink is known in financial circles for his hectoring letters of instruction to the companies he invests in. His name...