This is a volume on the increasingly important topic of hostile corporate takeover attempts. The book is divided into six sections: Capital markets, efficiency and corporate control; Managerial behaviour and takeovers; Evidence on the gains from takeovers; Mergers and takeovers - taxes, capital structure and the incentive of managers; Legal rules, ...
Lowenstein accuses large shareholders--with pension and mutual funds--of abdicating their true ownership responsibilities, joining the ranks of traders and speculators. He suggests they reclaim their proper role.
Based on cutting-edge research by leading corporate critic Louis Lowenstein, "The Investor's Dilemma: How Mutual Funds Are Betraying Your Trust and What to Do About" reveals how highly overpaid fund sponsors really operate and walks you through the conflicts of interest found throughout the industry. Page by page, you'll discover the real problems ...
The man who predicted the economic disasters of the go-go '80s now tells corporate managers how to survive in the difficult '90s. In a concise, no-nonsense style, Lowenstein takes the mystery out of corporate finance and replaces it with a large dose of good sense.
Benjamin Graham developed "value investing", a style adopted by Warren Buffett, one of history's most successful investors; it is based on "fundamental analysis", which quantitatively compares a company's stock price to various measures of financial strength and promise. "Growth investing" is a fundamentally different style that seeks to identify ...
Readers of this book will come to understand the dangers of takeovers and junk bonds, and the devastating effect of giant shareholders who play the market like roulette.
Explains, in understandable language, the strategies, tactics, and principles that have produced great wealth -- and how to improve your financial future.
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