Shareholder Rebellion describes how shareholders across America influence and direct the companies they own making for healthier companies and a healthier national economy. It describes how activist shareholders forced the ouster of top executives of blue-chip companies. In an insightful and colorful fashion, Schwartz describes both the personalities and the behind-the-scenes battles that marked these shareholder rebellions. Specific topics include: How intransigent corporate executives thwart shareholder interests; Why new SEC regulations make it easier for shareholders to challenge management; The use of proxy contests to replace ineffective board members; the growing clout of institutional investors in corporate boardrooms; What shareholders can do to change the way companies are run.
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Editorial Reviews
From Booklist
Many see a share of stock simply as a representation of an investment; but, in fact, it is a title to the ownership in a company. Most shareholders have been content to let corporate officers and directors run their companies for them, but growing numbers of shareholders have decided they want to have a say in what companies do and how they are managed. Schwartz, an investment manager who runs his own company, documents what heretofore have been skirmishes but what he predicts will become full-scale rebellion. He reports how shareholders have ousted top executives at major companies, and he offers tactics on the use of proxy contests. Schwartz also shows how SEC regulations have recently changed in favor of the shareholder and recommends how to take advantage of those changes. Recommended for both investment and management collections. David Rouse
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Most Helpful Customer Reviews
2 of 2 people found the following review helpful:
5.0 out of 5 stars
This book was written well before Shareholder Activism was popular,
By Christopher R (Plymouth, MI United States) - See all my reviews
This review is from: Shareholder Rebellion: How Investors Are Changing the Way America's Companies Are Run (Hardcover)
George Schwartz has managed other people's money for decades and this book describes the process of fighting for what is right and fair for shareholders. Too often, boards of directors and managements place their own selfish interests ahead of the only constituency to whom they owe a fiduciary duty, the shareholders. This book was written well before the recent shareholder proxy battles and offers timeless wisdom and insight into the process. This book is recommend for investors who wish to learn more about the democratic process of telling boards to keep the shareholders interests first and foremost in their minds.
3 of 4 people found the following review helpful:
5.0 out of 5 stars
This is a must-read book for any stockholder!,
By A Customer
This review is from: Shareholder Rebellion: How Investors Are Changing the Way America's Companies Are Run (Hardcover)
Mr. Schwartz makes many valid points and discusses a matter of great importance to any shareholder of stock. This is done through insightful examples and humorous anecdotes as well as descriptive anaysis. I highly recommended reading this book.
2 of 3 people found the following review helpful:
4.0 out of 5 stars
For institutional investors / shareholders, not individuals,
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This review is from: Shareholder Rebellion: How Investors Are Changing the Way America's Companies Are Run (Hardcover)
This was a cool book! I had thought I was buying something that would help me understand socially responsible investing, shareholder activism, morally responsible investing (since the author went on to found Ave Maria Funds -- which operate by Catholic ethical principles), etc. But this book was entirely about financial sense. It is not for the individual investor at all, but is only useful to an institutional shareholder who has enough clout to take on corporate management over, well, mismanagement. The book is not about changing social policies, it's about corporate governance and making money. The core point of the book is how shareholders are the ones whose money is on the line and so they should demand to be heard when management is doing something irresponsible. So why did I think it was "cool" though it wasn't what I was looking for? Because by the end the author finishes telling his first hand story about challenging the D&N Savings Bank!
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