What They Do With Your Money: How the Financial System Fails Us and How to Fix It - Couverture rigide

Davis, Stephen; Lukomnik, Jon; Pitt-Watson, David

 
9780300194418: What They Do With Your Money: How the Financial System Fails Us and How to Fix It
Couverture rigide
ISBN 10 : 0300194412 ISBN 13 : 9780300194418
Editeur : Yale University Press, 2016

Synopsis

A call to reboot capitalism and preserve $85 trillion in retirement savings for their owners--not for use as the financial industry's ATM

Each year we pay billions in fees to those who run our financial system. The money comes from our bank accounts, our pensions, our borrowing, and often we aren't told that the money has been taken. These billions may be justified if the finance industry does a good job, but as this book shows, it too often fails us. Financial institutions regularly place their business interests first, charging for advice that does nothing to improve performance, employing short-term buying strategies that are corrosive to building long-term value, and sometimes even concealing both their practices and their investment strategies from investors.

In their previous prizewinning book, The New Capitalists, the authors demonstrated how ordinary people are working together to demand accountability from even the most powerful corporations. Here they explain how a tyranny of errant expertise, naive regulation, and a misreading of economics combine to impose a huge stealth tax on our savings and our economies. More important, the trio lay out an agenda for curtailing the misalignments that allow the financial industry to profit at our expense. With our financial future at stake, this is a book that analysts, economists, policy makers, and anyone with a retirement nest egg can't afford to ignore.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l?auteur

Stephen Davis is a senior fellow at Harvard Law School's program on corporate governance. Jon Lukomnik is executive director of the Investor Responsibility Research Center. David Pitt-Watson is the former head of the Hermes shareholder activist funds in Europe and an executive fellow of finance at the London Business School.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Yale University Press
Date d'édition
2016
Langue
anglais
ISBN 10 
0300194412
ISBN 13 
9780300194418
Reliure
Relié
Nombre de pages
296
Coordonnées du fabricant
non disponible
Personne responsable
non disponible