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020 _a9783031647338
_9978-3-031-64733-8
024 7 _a10.1007/978-3-031-64733-8
_2doi
050 4 _aHG1501-3550
072 7 _aKNST
_2bicssc
072 7 _aBUS070140
_2bisacsh
072 7 _aKFF
_2thema
100 1 _aMoarefy, Sahand.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_983209
245 1 4 _aThe New Power Brokers
_h[electronic resource] :
_bThe Rise of Asset Manager Capitalism and the New Economic Order /
_cby Sahand Moarefy.
250 _a1st ed. 2024.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Palgrave Macmillan,
_c2024.
300 _aXI, 163 p. 1 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _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.
520 _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. .
650 0 _aFinancial services industry.
_960413
650 0 _aEconomics.
_958354
650 0 _aBusiness enterprises
_xFinance.
_958021
650 0 _aCorporate governance.
_957663
650 1 4 _aFinancial Services.
_969064
650 2 4 _aPolitical Economy and Economic Systems.
_970994
650 2 4 _aCorporate Finance.
_957278
650 2 4 _aCorporate Governance.
_957663
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031647321
776 0 8 _iPrinted edition:
_z9783031647345
856 4 0 _uhttps://doi.org/10.1007/978-3-031-64733-8
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
999 _c62870
_d62870