Usefulnessofstockownershipamong

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Unformatted text preview: nce? Copyright 2013 Copyright 2013 Do some governance models deal more effectively with inefficient managers? Usefulness of stock ownership among directors, CEO, Sr. Managers, employees? Copyright 2013 Copyright 2013 Global Governance: Assume mature corporations accumulate cash because reinvesting in the business does not meet hurdle rate of return: – Should they be required to return cash to shareholders (Buy in Stock) – Should there be limits to investing in new unrelated businesses? “Enron” and trading? Microsoft and . . . ? – Should there be barriers to becoming securities companies i.e. Berkshire Hathaway ­ Buffet Insurance Com. KMART/Sears – If international capital markets replace other sources (...
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This document was uploaded on 01/28/2014.

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