Synopses & Reviews
Thanks to the rise of mutual funds and retirement plans, the actual owners of the worlds corporate giants are no longer a few wealthy families. Rather, theyre the huge majority of working people who have their pensions and life savings invested in shares of todays largest companies. These grassroots owners have ideas about value that differ from those of tycoons or Wall Street traders. And corporate directors and executives are coming under increasing pressure to respond. The New Capitalists
provides examplesfrom GE to Disney to British Petroleumof enterprises whose shareholders have recently wielded their control in ways unimaginable just several years ago.
Authors Stephen Davis, Jon Lukomnik and David Pitt-Watson describe how civil ownership will profoundly alter our worldincluding forcing the rise of a new species of corporation. It has already begun demolishing old rules and habits, laying the groundwork for a new constitution of commerce.” The authors spell out conventional thinking destined for extinctionand fresh strategies companies must implement to survive in the emerging civil economy.” They also outline how investors, advisors, activists, and policy makers can make their voices heard.
About the Author
Stephen Davis is president of Davis Global Advisers, Inc., the worlds leading adviser on international corporate governance. Jon Lukomnik is the managing partner of Sinclair Capital LLC and former Deputy Comptroller of New York City, where he managed $80 billion in assets. David Pitt-Watson is former Chief Executive of Hermes Focus Asset Management, Europes leading shareholder activist fund manager.