Category Shareholder Rights

NY Times Book Review: Money for Nothing

Today’s New York Times reviews a new book, Money for Nothing: How the Failure of Corporate Boards Is Ruining American Business and Costing Us Trillions, from a former investment banker, John Gillespie, at Lehman Brothers and Bear Stearns, and the co-founder of Salon.com, who worked at Dow Jones and Time Inc., David Zweig .

The book apparently looks at U.S. boards and shareholder rights, and posits that one of the reasons for the financial crisis was directors asleep at the wheel (or just warming seats). Also looks at the myth of shareholders rights, looking at actions by some of the failed companies for illustrations.

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