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Conquering the obession with short-term profits is critical to the future of business, society, and capitalism itself-Alfred Rappaport presents a game plan every business leader should read"e;As Rappaport keeps on speaking out for the realities surrounding investment and speculation, our society will profit as it builds on his keen insights."e;John C. Bogle, founder of The Vanguard Group (from the Foreword)About the Book:Alfred Rappaport, who first introduced the principles and practical application of "e;shareholder value"e; in his groundbreaking 1986 classic Creating Shareholder Value, reiterated the basic message in his 2006 Harvard Business Review article: Focusing on Wall Street quarterly earnings expectations rather than on creating long-term value is an invitation to disaster.Rappaport shows how deeply flawed short-term performance incentives for corporate and investment managers were an essential cause of the recent global financial crisis. In Saving Capitalism from Short-Termism, Rappaport examines the causes and consequences of "e;short-termism"e; and offers specific recommendations for how publicly traded companies and the investment management community can overcome it.Whether you're a corporate manager, money manager, public policymaker, business-school student, or simply concerned about your financial future, Saving Capitalism from Short-Termism provides valuable insights and practical ideas to change the course of your organization-and contribute to a healthier economy that benefits all.