03218nam a22004455i 4500001001800000003000900018005001700027007001500044008004100059020001800100024003500118050001600153072001700169072002300186072001500209100007800224245013800302250001800440264008500458300004200543336002600585337002600611338003600637347002400673505058600697520108501283650003302368650001502401650003502416650002602451650002402477650004402501650002302545650002602568710003402594773002602628776003602654776003602690856004602726978-3-031-64733-8DE-He21320251030112921.0cr nn 008mamaa240830s2024    sz |    s    |||| 0|eng d  a97830316473387 a10.1007/978-3-031-64733-82doi 4aHG1501-3550 7aKNST2bicssc 7aBUS0701402bisacsh 7aKFF2thema1 aMoarefy, Sahand.eauthor.4aut4http://id.loc.gov/vocabulary/relators/aut14aThe New Power Brokersh[electronic resource] :bThe Rise of Asset Manager Capitalism and the New Economic Order /cby Sahand Moarefy.  a1st ed. 2024. 1aCham :bSpringer International Publishing :bImprint: Palgrave Macmillan,c2024.  aXI, 163 p. 1 illus.bonline resource.  atextbtxt2rdacontent  acomputerbc2rdamedia  aonline resourcebcr2rdacarrier  atext filebPDF2rda0 aIntroduction -- Chapter I: The Early American Corporation -- Chapter II: Adolf Berle and the Modern Corporation -- Chapter III: The Rise of Asset Manager Capitalism -- Chapter IV: The Emergence of the Shareholder Primacy Paradigm -- Chapter V: The New Stakeholder Capitalism and ESG -- Chapter VI: The ESG Report Card and Rise of Private Markets -- Chapter VII: Asset Manager Capitalism and the Energy Industry -- Chapter VIII: Institutional Setup of Today’s Asset Managers -- Chapter IX: The Post-ESG World and a Roadmap for the Future -- Chapter X: A New Stewardship Framework.  aOver the course of the last 70 years, asset managers⸺from activist hedge funds to large passive index fund providers⸺have come to own the substantial majority of corporate equities in the United States, and have wielded that ownership to fundamentally reshape the economy. For most of American history, investing was simple: you purchased shares and left the operation of the company to management. If you were dissatisfied with the firm’s performance, you sold your shares. With the rise of asset managers, shareholders now attempt to directly change the companies in which they invest. The New Power Brokers chronicles the economic, legal and technological changes at the heart of this transformation in our public markets, and provides fresh perspectives on what those changes mean for corporations, investors and society as a whole. Sahand Moarefy is a corporate attorney and writer. His work has been featured in various publications, including Foreign Affairs, Lawfare, The Diplomat and American Affairs. Sahand splits his time between Los Angeles and New York City. . 0aFinancial services industry. 0aEconomics. 0aBusiness enterprisesxFinance. 0aCorporate governance.14aFinancial Services.24aPolitical Economy and Economic Systems.24aCorporate Finance.24aCorporate Governance.2 aSpringerLink (Online service)0 tSpringer Nature eBook08iPrinted edition:z978303164732108iPrinted edition:z978303164734540uhttps://doi.org/10.1007/978-3-031-64733-8