Corpocracy: How CEOs and the Business Roundtable Hijacked the World's Greatest Wealth Machine -- and how to Get It Back

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Overview

"A very, very important book."
Paula Gordonhost, the Paula Gordon Show

Corporate governance expert Robert Monks takes on the country's biggest mega-corporations in this devastating account of corporate greed. Hugely inflated CEO salaries and bonuses and the wholesale exclusion of shareholders from governance of the companies they own are only symptoms of a far greater threat to democratic society: corporate takeover of the political process. Monks, a venture capitalist and member of several boards, shows how we can right the capitalist ship before it's too late—and restore the essential character of the companies that made America great.

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Overview

"A very, very important book."
Paula Gordonhost, the Paula Gordon Show

Corporate governance expert Robert Monks takes on the country's biggest mega-corporations in this devastating account of corporate greed. Hugely inflated CEO salaries and bonuses and the wholesale exclusion of shareholders from governance of the companies they own are only symptoms of a far greater threat to democratic society: corporate takeover of the political process. Monks, a venture capitalist and member of several boards, shows how we can right the capitalist ship before it's too late—and restore the essential character of the companies that made America great.

Product Details

  • ISBN-13: 9780470145098
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 12/4/2007
  • Edition number: 1
  • Pages: 272
  • Product dimensions: 6.26 (w) x 9.37 (h) x 1.02 (d)

Meet the Author

Robert A. G. Monks is the founder of ISS, The Corporate Library, the LENS Fund, and Governance for Owners. A CEO in two industries and the director of ten publicly traded companies, he was placed in charge of the national pension system and made a founding trustee of the Federal Employees Retirement System by Ronald Reagan. He has written six books in the fields of governance, including, with Nell Minow, Corporate Governance.

Table of Contents


Preface     vii
Acknowledgments     xvii
Definition     xix
An Audience with the Emperor     1
Economics Ascendant     17
The Godfather     37
The Business Roundtable     55
Inside the Corpocracy     83
House Take     107
Efficiencies "R" Us     129
Return of the Blob     155
The Great and the Good     177
Still, I Dare to Dream     199
Appendix     221
Notes     237
Index     241

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Sort by: Showing 1 Customer Review
  • Anonymous

    Posted January 19, 2008

    A reviewer

    An inside look from one of the most important figures in corporate governance, this book provides a unique look at the issues facing companies, boards, investors and public policy makers today. Whether you want an inside look at how annual meetings operate, what activist shareholders are thinking and doing and their impacts, how our current language about business is shaping policy views of what is important, the influence of former Supreme Court Justice Lewis Powell on business today, the evolving and respective roles of business, government, and the US stock exchanges, major issues in executive compensation and shareholder rights, and what everyone can do about these issues, this book has it all! The book is provocative, thoughtful and a call to action. It is a must read for anyone wanting to understand the views and the landscape that corporations, shareholders, and our economy operate within. I recommend you read this book - every single page of it.

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