Re: Greenspan says Iraq about oil
On Sep 16, 2007, at 11:22 AM, 3.3.3. wrote:
I’ve got a really dumb question Doug, but are Private Equity firms
and Hedge Funds results of actual deregulation, or just one of those
“innovations” that big fund managers use to make their money move faster and without oversight?
I’m always under-informed on the legal angle, so I don’t really know.
But in any case the shareholder revo was a response to the long
decline in profit rates and financial market performance from the
mid-60s into the late 1970s.
Is this article worth reading?
Yes. Jensen is worth reading as the prime theoretician of the
shareholder revolution. He evidently has some problems with the way
it’s turned out, though.