Revolt in the Boardroom: The New Rules of Power in Corporate America

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9780060882488: Revolt in the Boardroom: The New Rules of Power in Corporate America

Throughout the 20th century, American corporations were governed by autocratic, almost unaccountable chief executives. Their word was law, and the only check on their power was a board of directors composed of their friends and allies. Then, in a stunning reversal, a momentous series of firings deposed the heads of some of the world's best-known companies.

In Revolt in the Boardroom, Alan Murray examines the new world of corporate power. Using the access afforded to him by his influential Wall Street Journal column, Murray tells the story of three seminal board revolts: the now-famous Hewlett-Packard drama, the ousting of Boeing's Harry Stonecipher, and the deposing of one of the world's most autocratic executives, Hank Greenberg, from AIG.

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About the Author:

Alan Murray is Deputy Managing Editor of The Wall Street Journal and Executive Editor of WSJ.com. He is the author of Revolt in the Boardroom.

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Murray is the assistant managing editor of the Wall Street Journal and has written two books covering investing and the relationship between corporations and politics. Here he examines how CEOs, once the rock stars of the 1990s, are now being put under the microscope by board members, shareholders, the government, and even underling employees. In the last several years, powerful CEOs have been forced out for poor performance or improprieties, something almost unheard of in the past. According to Murray, public corporations are in the midst of radical change due to governmental oversight and high demands from shareholders and the public, and the role of the CEO may be greatly diminished as a result. He takes us inside the boardrooms of companies such as GM, Enron, and WorldCom during periods of crisis and shows how the scandals and corruption of the recent past have created a sense of paranoia and a zero-tolerance atmosphere. Although many may applaud this new shift of power, Murray explores how the ramifications of governance by committee may have drawbacks of its own. David Siegfried
Copyright © American Library Association. All rights reserved

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Book Description HarperCollins Publishers Inc, United States, 2008. Paperback. Book Condition: New. Annotated edition. Language: English . Brand New Book. Throughout the 20th century, American corporations were governed by autocratic, almost unaccountable chief executives. Their word was law, and the only check on their power was a board of directors composed of their friends and allies. Then, in a stunning reversal, a momentous series of firings deposed the heads of some of the world s best-known companies. In Revolt in the Boardroom, Alan Murray examines the new world of corporate power. Using the access afforded to him by his influential Wall Street Journal column, Murray tells the story of three seminal board revolts: the now-famous Hewlett-Packard drama, the ousting of Boeing s Harry Stonecipher, and the deposing of one of the world s most autocratic executives, Hank Greenberg, from AIG. Bookseller Inventory # AAC9780060882488

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