Roger L Martin: Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL
Description
American capitalism is in dire straits, caught in a perilous pattern of increasing volatility, decreasing investor returns, and ongoing bad behavior by executives. And it's getting worse. Since the turn of the twenty-first century, we've seen two massive value-destroying market meltdowns and a string of ethics breaches, including accounting scandals, options-backdating schemes, and the subprime mortgage debacle. Just what is going on here? Is it the inevitable decline of the American economy? Is it the new normal in a technology-enabled global marketplace? Or is it possible that the very theories we've embraced to underpin our capital markets are actually producing these crises? In "Fixing the Game," Roger Martin reveals the culprit behind the sorry state of American capitalism: our deep and abiding commitment to the idea that the purpose of the firm is to maximize shareholder value. This theory has led to a massive growth in stock-based compensation for executives and, through this, to a naive and wrongheaded linking of the real market--the business of designing, making, and selling products and services--with the expectations market--the business of trading stocks, options, and complex derivatives. Martin shows how this tight coupling has been engineered and lays out its results: a single-minded focus on the expectations market that will continue driving us from crisis to crisis--unless we act now. Using the National Football League as his primary example, Martin illustrates that it is possible to take a much more thoughtful and effective approach than we now do to the intersection of the real and the expectations markets and to governance in general in the capital markets. Martin shows how we can act to end the destructive cycle, including: - Restructuring executive compensation to focus entirely on the real market, not the expectations market- Rethinking the meaning of board governance and role of board members- Reining in the power of hedge funds and monopoly pension funds Concise, hard-hitting, and entertaining, "Fixing the Game" advocates seizing American capitalism from the jaws of the expectations market and planting it firmly in the real market--and it presents the steps we must take now to do so.
Everyone knows Libby Strout. Shes the girl who was so heavy she had to be lifted out of her house by a crane. After being homeschooled for years, shes ready to rejoin the human race, aka the junior class of MVB High. Shes free, shes strong, and shes going to get through thisor so she lies to herself. (Okay, fine, shes terrified out of her skull.)
"Brilliant. . .the characters thunder with life right off the page and into your heart in this quintessential story of family, forgiveness, and nobility. I just adored every single page!" --Dorothea Benton Frank, "New York Times "bestselling author
The trial, conviction, and death of an Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL pdf innocent man 2,000 years ago have particular resonance today. Atrocities from around the world shake us nearly every day, and we all experience trials in our own lives too. In this book the former Archbishop of Canterbury looks in depth at the trial of Jesus, using it to teach readers how to face the challenges of life in today's trying times. Bringing the biblical accounts of Jesus' trial vividly to life, Rowan Williams highlights what can be learned about Jesus from each of the four Gospel portraits. Mark shows a mysterious figure revealed as the Son of God. Matthew describes the Wisdom of God tried by foolish men. Luke presents a divine stranger. John speaks of the paradox of divinity submitting to judgement. These illuminating discussions are followed by a reflection on Christian martyrdom and a meditation on tyranny, freedom, and truth. A set of discussion questions and a thought-provoking prayer after each chapter make"Christ on Trial"an ideal book for study groups. Throughout the book Williams draws not only from the Bible but also from fiction, drama, and current events, pointing up ways in which society today continues to put Christ on trial. Even more, he argues that"all"Christians stand with Jesus before a watching world. Though we may not be directly confronted with death, we are nevertheless called daily to respond to the falsehood of such lures as power, influence, and prestige. Several words aptly describe this book by Rowan Williams: Profound. Incisive. Literary. Contemporary. Relevant. Prophetic."Christ on Trial"will move and change those who read it. "
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Author: Roger L Martin
Number of Pages: 251 pages
Published Date: 03 May 2011
Publisher: Harvard Business School Publishing
Publication Country: Boston, United States
Language: English
ISBN: 9781422171646
Download Link: Click Here
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