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The Public Corporation Is Finally in Eclipse
Martin, RogerArticle HBS-F1404F-EEconomicsIn 1989 Michael C. Jensen wrote an article for HBR titled "Eclipse of the Public Corporation," in which he analyzed early leveraged buyouts and identified a new form of corporate organization, the LBO association, which he believed would eventually outperform the traditional public company. Here Martin agrees with Jensen's assessment but acknowledges that it won't come to pass for some time, primarily because LBO associations rely on the existenc...Starting at €8.20
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The Rise (and Likely Fall) of the Talent Economy
Martin, RogerArticle HBS-R1410B-EEconomicsSince 1960 the U.S. economy has moved from largely financing the exploitation of natural resources to making the most of talent. The rewards to executives and financiers have skyrocketed as a result. But over the past two decades or so, the author argues, it has become increasingly clear that much of this talent is trading value rather than creating it: The fastest-growing group on the Forbes 400 list is hedge fund managers. What's more, stock-ba...Starting at €8.20