There is an argument in favor of active owners
In an address at the Stern School of Business in New York on March 26, Alan Greenspan, not for the first and hopefully not for the last time, gave a clear and sensible analysis of an important and pressing problem. He was addressing the need to restore public trust in corporate governance in the aftermath of Enron and Global Crossing. He suggested that the basis for reliable governance is either 'the current CEO-dominant paradigm' or 'the only credible alternative is for large - primarily
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