Saving Capitalism From Short-Termism: How to Build Long-Term Value and Take Back Our Financial Future

Alfred Rappaport is the Leonard Spacek Professor Emeritus at Northwestern’s Kellogg School and is Shareholder Value Adviser to L.E.K. Consulting. He originated the Shareholder Scoreboard for the Wall Street Journal. John Bogle (Valley Forge, PA) is founder and former chief executive of The Vanguard Group, the world's largest no-load mutual fund company, with more than $500 billion in assets owned by 12 million shareholders. In 1999, Fortune named Mr. Bogle one of the four financial giants of the 20th century, and Princeton University, his alma mater, awarded him its coveted Woodrow Wilson Award. His first book, Bogle on Mutual Funds, has sold over a quarter-million copies in hardcover and paperback.

• IntroductionChapter 1: The Rise of Short-TermismChapter 2: Short-Termism Produces a Financial CrisisChapter 3: Corporate Short-TermismChapter 4: Investment Management Short-TermismChapter 5:: Corporate Long-Term Performance IncentivesChapter 6: Becoming a Long-Term Value-Creating CompanyChapter 7: An Overhaul of Corporate Financial ReportingChapter 8: Long-Term Performance Incentives for Investment Managers