Customer Reviews

Shareholder Rebellion: How Investors Are Changing the Way America's Companies Are Run

5 star:		(2)
4 star:		(1)
3 star:		(0)
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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.

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.

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!