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Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn from the NFL by Roger L. Martin
ptaradactyl's review
3.0
I stumbled across a quote once that said "it's not so much the rich against the poor as it's the greedy against everyone else." That was floating in my head as I read this book.
I loved the set-up and the beginning. Basically, Martin explains how the current incentive system for executives sets them up to decide if they will enrich themselves or enrich their companies. He puts numbers around a lot of the things I've always questioned about SVA- mainly, does a focus making money for shareholders constrain other factors of running a company.
My main complaint is that in spite of solid number crunching in the opening chapters, it ends a bit warm and fuzzy and vague. I buy the argument, but I don't know how I'd put it in a spreadsheet to sell it.
I also am not particularly knowledgeable about stocks and exchanges and finance. I suspect there could be counter arguments, complete with similar stats and studies, made to maintain the status quo-- you have to agree that the status quo isn't working to want to change it, and those very people Martin wants to have change behavior are often the ones that it's currently working for.
I loved the set-up and the beginning. Basically, Martin explains how the current incentive system for executives sets them up to decide if they will enrich themselves or enrich their companies. He puts numbers around a lot of the things I've always questioned about SVA- mainly, does a focus making money for shareholders constrain other factors of running a company.
My main complaint is that in spite of solid number crunching in the opening chapters, it ends a bit warm and fuzzy and vague. I buy the argument, but I don't know how I'd put it in a spreadsheet to sell it.
I also am not particularly knowledgeable about stocks and exchanges and finance. I suspect there could be counter arguments, complete with similar stats and studies, made to maintain the status quo-- you have to agree that the status quo isn't working to want to change it, and those very people Martin wants to have change behavior are often the ones that it's currently working for.
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