Summary |
In Fixing the Game, Roger Martin reveals the culprit behind the sorry state of capitalism today: a deep and abiding commitment to the idea that the purpose of the firm is to maximize shareholders value. This theory has led to a massive growth in stock-based compensation for executives and, through this, to a naïve and wrongheaded linking of the real market- the business of designing, making, and selling products and services- with the expectations market- the business of trading stocks, options, and complex derivatives. Martin shows how this tight coupling has been engineered and lays out its results: a single-minded focus on the expectations market that will continue driving us from crisis-unless we act now
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