The Firm Divided

-This book is an engaging description of the ongoing war between managers and investors. It is a bit unusual in the governance field as it is most enjoyably written, but retains academic credibility. It is an enlightening read.' -- Charles M. Elson, Edgars S. Woolard, Jr. Chair in Corporate Governance and Director, John L. Weinberg Center for Corporate Governance, University of Delaware-The Firm Divided is a comprehensive investigation of the tensions that arise in the modern shareholder-manager conflict that sheds light on monitoring, selling, motivating, and delegating - in ways that might improve corporate governance. Guthrie clearly understands the details of modern corporate governance and expresses the ideas and narratives in an easy, flowing manner.- -- Frank Partnoy, George E. Barrett Professor of Law and Finance, University of San Diego, and author of WAIT: The Art and Science of Delay-Guthrie provides a comprehensive but highly accessible analysis of corporate governance at publicly traded firms. The blending of real-world cases with the underlying economic intuition provides unique insights into the peril and promise of modern governance systems. The book will appeal to anyone interested in an entree into the sphere of corporate governance, from the casual reader, to the corporate executive or board member, to graduate students.- -- Stuart Gillan, Associate Professor of Finance, University of Georgia