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Fixing the Game : How Runaway Expectations Broke the Economy, and How to Get Back to Reality by Roger L. Martin is a book available to read on EtoBox.

What is Fixing the Game : How Runaway Expectations Broke the Economy, and How to Get Back to Reality about?

American capitalism is in dire straits, caught in a perilous pattern of increasing volatility, decreasing investor returns, and ongoing bad behavior by executives. And it's getting worse. Since the turn of the twenty-first century, we've seen two massive value-destroying market meltdowns and a string of ethics breaches, including accounting scandals, options-backdating schemes, and the subprime mortgage debacle.Just what is going on here? Is it the inevitable decline of the American economy? Is it the new normal in a technology-enabled global marketplace? Or is it possible that the very theories we've embraced to underpin our capital markets are actually producing these crises?In Fixing the Game, Roger Martin reveals the culprit behind the sorry state of American capitalism: our deep and abiding commitment to the idea that the purpose of the firm is to maximize shareholder value. This theory has led to a massive growth in stock-based compensation for executives and, through this, to a naive and wrongheaded linking of the real marketthe business of designing, making, and selling products and serviceswith the expectations marketthe business of trading stocks, options, and complex

Author

Roger L. Martin

Publisher

Harvard Business Review Press

Published

2011

Language

EN

ISBN

9781422143360

Subjects

Management, Business