Lawyer-Author-Reformist: Double Oxymoron Overturned,
The author lays out, from a business law perspective, all the legal and financial reasons why our corporate practices today sacrifice the long-term perspective and the creation of aggregate value, in favor of short-term profit-taking. He makes a number of suggestions for improvement.
Toward the end of the book, citing Lipsett but adding his own observations, he digs deep and summarizes our corporate culture as one that threatens traditional forms of community and morality (Lipsett), while increasingly dominating–undermining–foreign governments and cultures. Elsewhere in the book the stunning failure of our form of capitalism in selected countries is explored.
Although there are adequate notes, there is no bibliography and the index is extraordinarily mediocre–not containing, for example, the references in the book to oversight, political, or regulation. One star is deducted for this failure by the publisher to treat the book’s content seriously.