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Short-termism: The Problem of Managerial Turnover

In: Financialization

Author

Listed:
  • Thomas I. Palley

    (AFL-CIO)

Abstract

In his now famous testimony before the House Committee on Oversight and Government Reform on October 23, 2008, former Federal Reserve Chairman Alan Greenspan stunned observers by declaring: As I wrote last March, those of us who have looked to the self-interest of lending institutions to protect shareholders equity, myself especially, are in a state of shocked disbelief (p.11)

Suggested Citation

  • Thomas I. Palley, 2013. "Short-termism: The Problem of Managerial Turnover," Palgrave Macmillan Books, in: Financialization, chapter 7, pages 112-125, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-26582-1_7
    DOI: 10.1057/9781137265821_7
    as

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