Click Here To Purchase From Amazon The New Capitalists: How Citizen Investors are Reshaping the Corporate Agenda

Author: Stephen Davis, Jon Lukomnik and David Pitt-Watson

Publisher: Harvard Business School Press (Boston, MA)

ISBN: 1-4221-0101-0

ISBN: 13: 978-1-4221-0101-8

The New Capitalists is a 288 page, hardbound book, retailing for $29.95 (US).  Organized into 9 chapters (4 parts), preceded by acknowledgments and a preface, and concluded with notes, bibliography, index and author biographies, this book addresses the growth or increased breadth of corporate stakeholders and stakeholder groups.  This is a paradigm shift, reminiscent of a scene from Wall Street (1987), where Michael Douglas (Gordon Gekko) spoke at a shareholder meeting, addressing this very topic (see page 40 of the book for a different Gekko citation from the film).  If you enjoyed this film, as I have, many times, you will find this book to represent an interesting thought-piece.

I would define the target audience for this book as the non-financial expert, non-business person, perhaps an investor or would-be investor, interested it reading about publicly traded corporations, from a broad brush stroke or sociological perspective, but not likely to be personally involved in trading stocks, exchange-traded funds, or mutual funds, preferring, instead, to leave such details to his or her financial planner.  While corporate governance issues are addressed, in depth, those with greater financial expertise are likely to have already “tooled up” well beyond the topical areas addressed in this book (e.g., Sarbanes-Oxley, Enron, and WorldCom) and would find this a very light – afternoon – read.  For this latter group, I would recommend this book.

Click Here To Purchase From Amazon The New Capitalists: How Citizen Investors are Reshaping the Corporate Agenda

The above review was contributed by: Anthony (A.J.) Cataldo II Ph.D    Professor of Accounting, West Chester University. Dr. Cataldo holds a PhD from Virginia Polytechnic Institute and State University , MAc ( University of Arizona)  unofficial minor in Marketing , BSBA  (University of Arizona). He is a Certified Management Accountant and a Certified Public Accountant:  Click Here to view Anthony's Reviews