Talent, Strategy, Risk, Bill McNabb
Talent, Strategy, Risk, Bill McNabb
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Talent, Strategy, Risk
How Investors and Boards Are Redefining TSR

Author: Bill McNabb, Ram Charan, Dennis Carey

Narrator: Steve Menasche

Unabridged: 7 hr 13 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 07/13/2021

Includes: Bonus Material Bonus Material Included


Synopsis

A playbook for long-term value creation

Balancing the short term and the long term is a perennial struggle, but new developments put boards squarely at the center of this dilemma and in need of guidance. Much of the $14 trillion of assets that firms like Vanguard, BlackRock, and State Street manage is now held in index funds, creating a huge class of permanent institutional investors. These so-called passive investors (unlike activist investors, passive investors don't have power to exit the fund) own almost 60 percent of the Fortune 500—and they have found their voice. Perhaps best exemplified by BlackRock's Larry Fink, these investors are stating in no uncertain terms that simply managing for short-term shareholder profit is not acceptable.

In this agenda-setting book, three leaders who have been on the front lines of these changes with boards, management teams, and the investment community challenge leaders to rethink TSR (total shareholder return). Since TSR cannot keep the short and long term in balance, McNabb, Charan, and Carey argue that boards should focus on a different kind of TSR—talent, strategy, and risk—because decisions and actions around these factors, more than any others, determine whether or not a company creates long-term value.


Reviews

Goodreads review by AnnieM on April 21, 2021

I was interested in reviewing this book because of previous books I have read by the authors (particularly Ram Charan's The Leadership Pipeline). While the book is intended primarily for the C-suite and Board of Directors of For-Profit organizations, I found a lot of relevance as an investor, a tale......more

Goodreads review by Brandi Pearl on October 05, 2021

Talent, Strategy, Risk: How Investors and Boards Are Redefining TSR is extremely well-written, organized and easy to understand. I would definitely recommend this book to business majors.......more

Goodreads review by Harish on November 04, 2022

A must-read for corporate governance stewards -- be it a director or chairperson of a Corporate Board, ESG enthusiast, or an investor. Redefining the TSR (Total Shareholder Value) as Talent, Strategy, and Risk -- the book has laid foundations for the next wave of evolution of the corporate governanc......more

Goodreads review by Steven on December 09, 2021

Great information......more