Summary of More Builders and Fewer Traders

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Rating

9 Overall

10 Importance

8 Innovation

9 Style

Recommendation

The short-term mentality that drives American businesses and investors has negative long-term implications for the US economy. CEOs, focused on meeting this-quarter’s goals, engage in shareholder friendly activities such as buying back shares and boosting dividends while neglecting long-term value creation and growth. This noteworthy study from governance experts William A. Galston and Elaine C. Kamarck puts a magnifying glass to the potentially disastrous consequences of America’s “corporate short-termism.” getAbstract recommends this eye-opening report to corporate decision makers, board directors and policy makers.

In this summary, you will learn

  • How short-term incentives drive corporate behavior,
  • What negative impacts that mind-set can have, and
  • How changes in practices and regulations could encourage long-term value creation and help the economy.
 

About the Authors

William A. Galston and Elaine C. Kamarck work on the Brookings Institution’s Governance Studies Program.

 

Summary

America’s economy is far from vibrant: Annual growth has not reached 3% since 2005, and those at the higher end of the income ladder are reaping most of the rewards. For everyone else, stagnant or falling wages, increasing income inequality, and a contracting middle class are the new reality. Experts...

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