Corpocracy: How CEOs and the Business Roundtable Hijacked the World's Greatest Wealth Machine – And How to Get It Back

By Robert Monks 
Published by Wiley, January 08

Instead of being ruled by laws, many corporations today write their own regulations, reward CEOs with exorbitant pay, disdain their real owners, and despoil the political process and the environment, all in the name of "wealth creation" and "corporate welfare." Corpocracy, a clear and careful analysis by one of America’s leading shareholder activists, shows how corporations seized control, how they have abused their power, and what we can do to rein them in again. The excesses of Big Business are sure to be a key issue in the 2008 US presidential campaign, and Corpocracy is set to lead the debate…

Virtually unnoticed, the United States is becoming a corporate state. During the last thirty years economics has become the dominant language in public policy decisions; changes in law have created a constitutional basis for corporate hegemony in political society; and effective pressure groups have conferred autocratic power on Chief Executive Officers.

These fundamental realities need to be understood if the country is to take advantage of the remaining opportunity to chart its future. Corporate governance expert Robert Monks shows where politics and corporate interests intersect, what the dangers are, and what needs to be done in order to keep America strong in the global community.

About the author
Robert Monks is the publisher of http://www.ragm.com, which focuses on the assembly and dissemination of information and opinion about global issues of corporate governance. A substantial shareholder in, and advisor to Trucost, an environmental research company, he is also the founder of Lens Governance Advisors, a law firm that advises on corporate governance in the settlement of shareholder litigation.
He is the board chairman of Governance for Owners, the London and U.S.-based share-ownership services venture. And he founded Institutional Shareholder Services, Inc., the leading corporate governance consulting firm. Finally, he founded the investment fund known as LENS, which since 1992 has developed the “institutional activist” mode of investment.
                                                                                          
Hardback;  £19.99/€24;  ISBN: 978-0-470-14509-8

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