Las dificultades de Liberty Puerto Rico: una píldora difícil de tragar tras la adquisición de AT&T

If the purchase of Twitter is completed, market mechanisms will have disposed of their top managers and members of the corporate board. Otherwise, they would still be directing the firm.  Without getting into the debate of whether these executives were steering the company to the right direction, it is important to realize how many of these public company managers lead their business with little or no accountability. You may ask, if shareholders can benefit from…

Introduction Short-termism is a concern based on the idea that management objectives abandon long-term outlooks in favor of short-term gains based on movements of stock markets that eventually impact the value of companies and negatively affects the economy. There are critics to this view.  Some sustain that short horizon are an agency issue. Others state that short-termism is done on purpose, based on what management think is correct on the long-term. Some even argue that…

An important consideration for not having one person holding  the dual role of chair of the board (Chair) and chief executive officer (CEO) in a corporation is because such an arrangement collects too much power in a single director within the board.  It generates numerous conflicts of interests, agency problems and enables the CEO to manipulate and/or control the direction of the board. In the U.S a notorious case was Enron and its Board Chair…