Yeah, PR email. 'What's it about, boss?' Did you read the title, Voice? 'Yes.' Okay. Well, never mind.
Anyway ...
Dear Michael,
According to many political leaders, media outlets and corporate lawmakers, stock-market-driven short-termism is harming the American economy and greatly increasing environmental, climate, and social damage. But the data does not support this black-and-white representation of short-termism and thinking that it does takes our eyes off of real solutions to these problems.
Professor of law at Harvard, Mark J. Roe has been studying the large corporation's role in society and in politics for decades, writing on the subject for academic journals and the financial press, and testifying for Congress and the administrative agencies on the subject. His research focuses on corporate structures and how they relate to politics, interest groups, and popular opinions of the corporation.
In his new book, Missing the Target: Why Stock Market Short-Termism Is Not the Problem, Roe shows that blaming short-termism overlooks the real causes of declining investment, R&D cutbacks, environmental deterioration, and workplace conflict.
Fine.
BUT(!) ... I think short-termism is the problem. No one takes a long-term view in anything any more.
'Have you done any research on this matter, boss?'
Don't be silly, Voice.
Anyway ...
In an eye-opening and insightful feature or interview, Roe can discuss -
Hang on! No, no, no. I'm not doing any feature or interview. It's enough just doing this. 'Which isn't much.' It doesn't have to be much.
Okay ...
Blah, blah, blah ...
Please let me know if you'd be interested in speaking with Mark, or if you'd like a review copy of Missing the Target. I've included his full bio below.
Er ... I'll just do his bio -
Mark J. Roe is the David Berg Professor of Law at Harvard Law School, where he teaches courses on corporate law, corporate finance, and corporate bankruptcy. Much of his research investigates how political forces shape, and are shaped by, the large corporation. These forces are examined in Strong Managers, Weak Owners: The Political Roots of American Corporate Finance (Princeton, 1994) and Political Determinants of Corporate Governance (Oxford, 2003), in which he shows how different corporate structures around the world result in large measure not just from economic differences, but from different political forces that empower or disempower groups in the corporation - labor, capital-providers, executives. Missing the Target: Why Stock Market Short-Termism Is Not the Problem does the same, pointing to why it’s politically convenient for many groups and leaders to assess stock market short-term as more pernicious than it is.
He received his B.A. from Columbia University in 1972, and his J.D. from Harvard Law School in 1975. He is a member of the American Academy of Arts and Sciences.
Well, he sounds like a top guy, don't he?
Good luck with the book, Mark!
ENDS
...
Anything else?
Me? I'm as long-term as it gets. 'Too long-term, Mikey.' Shut up! What do you know?
He knows NOTHING.
That's why I like him.
'You'd be lost without me.'
I wouldn't go that far, Voice.
Anyway ...
The sun is shining again. Is summer here at last?
I've got to stay in.
I've got a conceptual to write. Don't ask me why, kooks. My life is strange - you know that.
No. 1,007. / When will it end?!
Laters.
