William A. Galston and Elaine C. Kamarck
More Builders and Fewer Traders
A Growth Strategy for the American Economy
Brookings Institution, 2015
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America’s “corporate short-termism” has potentially disastrous consequences.
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.
Summary
About the Authors
William A. Galston and Elaine C. Kamarck work on the Brookings Institution’s Governance Studies Program.
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