Стивен Деннинг - Эпоха Agile

M. Benioff. A Call for Stakeholder Activists // Huffington Post. February 2, 2015, http://www.huffingtonpost.com/marc-benioff/a-call-forstakeholder-activists_b_6599000.html.

BlackRock CEO Larry Fink tells the world’s biggest business leaders to stop worrying about short-term results // BusinessInsider.com. April 14, 2015, http://www.businessinsider.com/larry-fink-letter-to-ceos-2015-4.

S. Denning. How CEOs Became Takers, Not Makers; S. Denning. From CEO Takers to CEO Makers // Forbes.com. August 20, 2014, http://www.forbes.com/sites/stevedenning/2014/08/20/from-ceo-takers-to-ceo-makers-the-great-transformation; S. Denning. The Economist: Blue Chips Are Addicted to Corporate Cocaine // Forbes.com. September 19, 2014, http://www.forbes.com/sites/stevedenning/2014/09/9/the-economist-blue-chips-are-addicted-to-corporate-cocaine.

Адам Смит. Исследование о природе и причинах богатства народов. М.: Эксмо, 2017.

Адам Смит. Теория нравственных чувств. М.: Республика, 1997.

Милтон Фридман. Капитализм и свобода. М.: Новое издательство, 2006.

Corporate cocaine: Companies are spending record amounts on buying back their own shares. Investors should be worried // The Economist. September 13, 2014, http://www.economist.com/news/leaders/21616950-companies-are-spending-record-amounts-buying-back-their-own-sharesinvestors-should-be; The repurchase revolution: Companies have been gobbling up their own shares at an exceptional rate: there are good reasons // The Economist. September 12, 2014, http://www.economist.com/news/business/21616968-companies-have-been-gobbling-up-theirown-shares-exceptional-rate-there-are-good-reasons.

W. Lazonick. Profits Without Prosperity // Harvard Business Review. September 2014.

S. Denning. The Economist, Blue Chips Are Addicted to Corporate Cocaine // Forbes.com. April 19, 2014, http://www.forbes.com/sites/stevedenning/2014/09/19/the-economist-blue-chips-are-addicted-tocorporate-cocaine; K. Brettell, D. Gaffen, D. Rohde. The Cannibalized Company: How the Cult of Shareholder Value Has Reshaped Corporate America; A Special Report // Reuters. November 16, 2015, http://www.reuters.com/investigates/special-report/usa-buybacks-cannibalized; J. Plender. Blowing the Whistle on Buybacks and Value Destruction // Financial Times. March 1, 2016, https://www.ft.com/content/0b71ca32-df0b-11e5-b67f-a61732c1d025; S. Denning. The Best Management Article of 2014 // Forbes.com. March 26, 2015, https://www.forbes.com/sites/stevedenning/2015/03/26/the-best-management-article-of-2014.

W. Lazonick. How Stock Buybacks Make Americans Vulnerable to Globalization // Working Paper. East-West Center Workshop on Mega-Regionalism: New Challenges for Trade and Innovation. March 11, 2016, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2745387.

W. Lazonick. How Stock Buybacks Make Americans Vulnerable to Globalization // Working Paper. East-West Center Workshop on Mega-Regionalism: New Challenges for Trade and Innovation. March 11, 2016, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2745387.

W. Lazonick. How Stock Buybacks Make Americans Vulnerable to Globalization // Working Paper. East-West Center Workshop on Mega-Regionalism: New Challenges for Trade and Innovation. March 11, 2016, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2745387.

W. Lazonick. How Stock Buybacks Make Americans Vulnerable to Globalization // Working Paper. East-West Center Workshop on Mega-Regionalism: New Challenges for Trade and Innovation. March 11, 2016, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2745387.

Plender. Blowing the Whistle on Buybacks and Value Destruction. В первом квартале 2017 года фондовый рынок резко вырос без каких-либо причин до таких непомерно высоких показателей, что даже советы директоров корпораций начали проявлять сдержанность в погоне за извлечением прибыли. См. Market Too Frothy for Buybacks: CFOs and Boards // Seeking Alpha. May 2, 2017, https://seekingalpha.com/article/4067753-market-frothy-buybacks-cfos-boards.

Акционеры, активно вмешивающиеся в политику компании, ценными бумагами которой владеют. Прим. ред.

Lazonick. How Stock Buybacks Make Americans Vulnerable to Globalization.

Чарльз Понци прибыл в Америку практически банкротом в 1903 году. В течение следующих 15 лет он был разнорабочим, сидел в тюрьме за кражу и фальсификацию. В 1919 году организовал бизнес в Бостоне, предлагая инвесторам обмен почтовых купонов и других ценных бумаг. Чтобы привлечь инвесторов, Понци выдавал долговые расписки, в которых его компания обязывалась выплатить 50 % прибыли за 90 дней. Не справившись с финансовой нагрузкой, Понци стал выплачивать обещанную прибыль из инвестиций новых вкладчиков. Прим. ред.

Институциональные акционеры – организации (в отличие от индивидуальных акционеров), владеющие обычно более или менее крупными пакетами акций компании. Прим. ред.

Jeff Cox. This ‘investor obsession’ during the bull market is falling out of fashion // CNBC. May 2, 2017, http://www.cnbc.com/2017/05/01/buyback-obsession-during-the-bull-market-is-falling-out-of-fashion.html.

J. Bezos. Letter to Amazon Shareholders. 1997, http://media.corporate-ir.net/media_files/irol/97/97664/reports/Shareholderletter97.pdf; S. Denning. How Not to Reclaim the World’s Dumbest Idea // Forbes.com. August 31, 2016, https://www.forbes.com/sites/stevedenning/2016/08/31/hbr-how-not-to-reclaim-the-worlds-dumbest-idea.

Bezos. Letter to Amazon Shareholders.

A. Boynton. Unilever’s Paul Polman: CEOs Can’t Be Slaves to Shareholders. July 20, 2015, https://www.forbes.com/sites/andyboynton/2015/07/20/unilevers-paul-polman-ceos-cant-be-slaves-to-shareholders.

S. Denning. Should Wall Street Reward Adobe’s Failing Profits // Forbes.com. March 28, 2014, http://www.forbes.com/sites/stevedenning/2014/03/28/should-wall-street-reward-adobes-falling-profits.

S. Denning. Shift Index 2016: Why Can’t Firms Innovate? // Forbes.com. December 15, 2016, https://www.forbes.com/sites/stevedenning/2016/12/15/shift-index-2016-shows-continuing-decline-in-performance-of-us-firms.