Miscellaneous Respones:

1. With what specifically did you disagree in my article?

2. I have extreme doubts that millions of people are as talented as McCartney, Swift and Rowling. These three and others like them are not lucky although it may appear to be that they are. Their success is…

A Value Maximization Model For Public Companies

Valentin Valkov Via Shutterstock

Corporate governance is a hot topic. Every day, it seems, there is a bombardment of new proposals for improving or fixing public company boards: diversity, inclusion, corporate social responsibility, ESG, and a continual roll-out of new “governance codes.” Politics is involved including all Senator Elizabeth Warren’s bill that would require…

A Look At A High Performance Hard Driving Entrepreneurial Model

On Monday August 19, 2019 the Business Roundtable (BRT) issued a statement on their proposed new governance model for corporations. This new model, in essence, is a “Stakeholder Model” designed to replace the purported “Shareholder Value Maximization Model.” I published an article in LinkedIn in response to this statement by…

Analysis of the Poor Performance of the Public Company Governance Model

Kritsuna Maimeetook on ShutterStock

Excerpted from the book Governance Arbitrage: Blowing Up the Public Company Governance Model to Maximize Long-Term Shareholder Value

In the late 1970s and into the 1980s “corporate raiders” such as T. Boone Pickens, Carl Icahn, Sir James Goldsmith and others became acutely aware that the assets on the books of…

The Only System That Provides The Freedom For the Development of One’s Potential Is At Risk

By Des-Green on Shutterstock

In Part I of Capitalism Under Siege, attention was restricted to the various proposals, new corporate purposes, pending bills, etc. focused on watering down corporate governance even more than it already is. …

Competence Specific To The Company’s Value Creation Requirements As Primary Criteria

Over the course of my career I have been involved in restructuring, fully replacing or putting together from scratch numerous boards of directors in both the for-profit and non-profit sectors. Although there has been considerable development and refinement in my thinking along the way, there has always been an underlying…

Henry D. Wolfe

Takeover entrepreneur, activist investor and author of Governance Arbitrage

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