Swords Into Dow Shares

Governing The Decline Of The Military- Industrial Complex

Nonfiction, Social & Cultural Studies, Political Science
Cover of the book Swords Into Dow Shares by Rachel Weber, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Rachel Weber ISBN: 9780429976650
Publisher: Taylor and Francis Publication: March 5, 2018
Imprint: Routledge Language: English
Author: Rachel Weber
ISBN: 9780429976650
Publisher: Taylor and Francis
Publication: March 5, 2018
Imprint: Routledge
Language: English

Contemporary legal doctrine holds that corporate managers have obligations, first and foremost, to maximize profits for their shareholders. This doctrine is based on the assumption that shareholders alone bear the financial risks and contribute the equity necessary for production. But what if other groups contribute assets and also risk losing their investments? What if other groups actually shelter shareholders from financial risks? Such is the case with the nation's prime defense contractors. By examining the case of defense contracting, where the federal government and, indirectly, the taxpayers assume most of the risks and costs of producing weaponry, Rachel Weber critiques the assumptions underlying our system of corporate governance.The Department of Defense provides contracts for billions of dollars, specialized components and facilities, interest subsidies, tax breaks, and regulatory relief. These public contributions make the record shareholder returns and executive compensation packages of the early 1990s all the more problematic. This book follows the case of General Dynamics, the nation's largest military shipbuilder and considered a trendsetter in the industry for its explicit shareholder orientation. The behavior of contractors like General Dynamics in the post-Cold War period raises serious concerns about the private stewardship of public funds. How can the government make contractors accountable to other public interests? In Swords into Dow Shares Rachel Weber offers some original suggestions for redirecting defense resources to foster innovation, decrease the tax burden of military spending, and help to retain and create high-wage jobs in a civilian-industrial economy.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Contemporary legal doctrine holds that corporate managers have obligations, first and foremost, to maximize profits for their shareholders. This doctrine is based on the assumption that shareholders alone bear the financial risks and contribute the equity necessary for production. But what if other groups contribute assets and also risk losing their investments? What if other groups actually shelter shareholders from financial risks? Such is the case with the nation's prime defense contractors. By examining the case of defense contracting, where the federal government and, indirectly, the taxpayers assume most of the risks and costs of producing weaponry, Rachel Weber critiques the assumptions underlying our system of corporate governance.The Department of Defense provides contracts for billions of dollars, specialized components and facilities, interest subsidies, tax breaks, and regulatory relief. These public contributions make the record shareholder returns and executive compensation packages of the early 1990s all the more problematic. This book follows the case of General Dynamics, the nation's largest military shipbuilder and considered a trendsetter in the industry for its explicit shareholder orientation. The behavior of contractors like General Dynamics in the post-Cold War period raises serious concerns about the private stewardship of public funds. How can the government make contractors accountable to other public interests? In Swords into Dow Shares Rachel Weber offers some original suggestions for redirecting defense resources to foster innovation, decrease the tax burden of military spending, and help to retain and create high-wage jobs in a civilian-industrial economy.

More books from Taylor and Francis

Cover of the book Distant Thunder by Rachel Weber
Cover of the book Hollywood on Stage by Rachel Weber
Cover of the book Social Work and the Courts by Rachel Weber
Cover of the book Family Support - Linking Project Evaluation to Policy Analysis by Rachel Weber
Cover of the book Concepts in Fetal Movement Research by Rachel Weber
Cover of the book Cross-Cultural Neuropsychological Assessment by Rachel Weber
Cover of the book Franchising Hospitality Services by Rachel Weber
Cover of the book Creating a New Civilization Through Social Entrepreneurship by Rachel Weber
Cover of the book Archaeology Matters by Rachel Weber
Cover of the book Rewriting Peter as an Intertextual Character in the Canonical Gospels by Rachel Weber
Cover of the book Linking Arms Together by Rachel Weber
Cover of the book Labour Relations in Development by Rachel Weber
Cover of the book The Cultural Complex by Rachel Weber
Cover of the book Disability, Mothers, and Organization by Rachel Weber
Cover of the book Second Rank Cities in Europe by Rachel Weber
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy