The Wharton School and Department of Sociology Michael Useem's Books

Executive Defense

Shareholder Power and Corporate Reorganization

By: Michael Useem

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Executive Defense

Shareholder Power and Corporate Reorganization

By: Michael Useem

A quiet revolution came to corporate America during the late 1980s and early 1990s. Large shareholders - pension funds, insurance companies, money managers, and commercial banks - exercised new-found muscle, pressuring senior managers to improve disappointing financial results by reshaping their organizations. Michael Useem reveals how those investor pressures have transformed the inside structures of many corporations, better aligning them with shareholder interests. Useem draws on numerous sources, including interviews with senior managers and intensive studies of seven large corporations representing a range of restructuring experiences and industries - including pharmaceuticals, transportation, chemicals, retailing, and financial services. He shows that organizational changes have affected many areas of corporate life: headquarters staffs have been reduced, authority has filtered down to operating units, and compensation has become more closely tied to performance. Change also extends to corporate governance, where managers have fought back by seeking legal safeguards against takeovers and by staggering board terms. They've also put significant resources into building more effective relations with shareholders. As Useem demonstrates, this revolution has reached beyond the corporation, influencing American politics and law. As increasing ownership concentration has caused companies to focus more attention on shareholders, corporate political agendas have shifted from fighting government regulation to resisting shareholder intrusion. This book will be important reading for managers, economists, lawyers, financial analysts, and all observers of American business.

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Page Count

322

Publisher

Harvard University Press

Published Date

ISBN 10

0674273982

ISBN 13

9780674273986

Faith in the Halls of Power : How Evangelicals Joined the American Elite

How Evangelicals Joined the American Elite

By: Religion and Urban Life Rice University D. Michael Lindsay Assistant Professor of Sociology and Assistant Director and Faculty Fellow at the Center on Race

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Faith in the Halls of Power : How Evangelicals Joined the American Elite

How Evangelicals Joined the American Elite

By: Religion and Urban Life Rice University D. Michael Lindsay Assistant Professor of Sociology and Assistant Director and Faculty Fellow at the Center on Race

Evangelicals, once at the periphery of American life, now wield power in the White House and on Wall Street, at Harvard and in Hollywood. How have they reached the pinnacles of power in such a short time? And what does this mean for evangelicals--and for America? Drawing on personal interviews with an astonishing array of prominent Americans--including two former Presidents, dozens of political and government leaders, more than 100 top business executives, plus Hollywood moguls, intellectuals, athletes, and other powerful figures--D. Michael Lindsay shows first-hand how they are bringing their vision of moral leadership into the public square. This riveting volume tells us who the real evangelical power brokers are, how they rose to prominence, and what they're doing with their clout. Lindsay reveals that evangelicals are now at home in the executive suite and on the studio lot, and from those lofty perches they have used their influence, money, and ideas to build up the evangelical movement and introduce it to the wider American society. They are leaders of powerful institutions and their goals are ambitious--to bring Christian principles to bear on virtually every aspect of American life. Along the way, the book is packed with fascinating stories and striking insights. Lindsay shows how evangelicals became a force in American foreign policy, how Fortune 500 companies are becoming faith-friendly, and how the new generation of the faithful is led by cosmopolitan evangelicals. These are well-educated men and women who read both The New York Times and Christianity Today, and who are wary of the evangelical masses' penchant for polarizing rhetoric, apocalyptic pot-boilers, and bad Christian rock. Perhaps most startling is the importance of personal relationships between leaders--a quiet conversation after Bible study can have more impact than thousands of people marching in the streets. Faith in the Halls of Power takes us inside the rarified world of the evangelical elite--beyond the hysterical panic and chest-thumping pride--to give us the real story behind the evangelical ascendancy in America.

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354

Publisher

Oxford University Press, USA

Published Date

ISBN 10

0198043767

ISBN 13

9780198043768

Change at Work

By: Peter Cappelli,Laurie Bassi,Harry Katz,David Knoke,Paul Osterman,Michael Useem

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Change at Work

By: Peter Cappelli,Laurie Bassi,Harry Katz,David Knoke,Paul Osterman,Michael Useem

A far-reaching transformation is taking place in the US in the relationship between employers and employees. The lessons learned from Japan and from "best practice" companies like IBM about how job security, training, and internal development can improve employee commitment and performance have given way to a new set of lessons about how companies can redue fixed costs, increase flexibility, and improve performance by eliminating the elaborate employment systems that prepared employees for long careers in the company. Where the old arrangement protected employees from outside market forces, the new ones drag the market right back in through downsizing, contingent workforces, hiring on the outside for new skills, and compensation contingent on overall organizational performance. New work systems that reengineer processes and empower employees "flatten" the organizational chart, cutting management jobs in particular and reducing opportunities for career development. The new arrangements shift many of the risks of business from the firm to the employees and make employees, rather than employers, responsible for developing their own skills and careers. They also increase the demands placed on workers while reducing what they receive back for their efforts. While morale is down and stress is up, employee performance seems to be rising largely because of fear driven by the shortage of good jobs. Change at Work explores the theme that employees have paid the price for the widespread restructuring of American firms as illustrated by reduced security, greater effort and hours, and reduced morale. In this important study--commissioned by the National Planning Asociation's Committee on New American Realities--the authors consider how individuals and employers need to adapt to the new arrangements as well as the implicatioons for important policy issues such as how skills will be developed where the attachment to the firms is sharply reduced. The future is uncertain, but the authors argue that the traditional relationship between employer and employee will continue to erode, making this work essential reading for managers concerned with the profound impact corporate restructuring has had on the lives of workers.

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Page Count

289

Publisher

Oxford University Press

Published Date

ISBN 10

0195356055

ISBN 13

9780195356052

Book's by The Wharton School and Department of Sociology Michael Useem

Executive Defense

Executive Defense

Faith in the Halls of Power : How Evangelicals Joined the American Elite

Faith in the Halls of Power : How Evangelicals Joined the American Elite

Change at Work

Change at Work

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