"This book will show how the operation of U.S. financial markets, including the "market for corporate control," worked to restore the productivity and value of U.S. companies in the 1980s, and have continued to do so since then. In doing so, by bringing increased efficiency and value creation,...

Senior executives face a merciless treadmill from shareholders who seek an adequate return on their capital and demand increasingly higher levels of performance. These executives know the consequences of failing to meet these expectations - the share price falls and management shake-ups are...

“Postmodern” corporate finance builds on the principles of modern corporate finance while restoring at least part of the emphasis on top-line growth that prevailed before the intense emphasis on returns on capital brought on by the ongoing shareholder value movement. The vast majority of...