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Don’t Let the Short-Termism Bogeyman Scare You Summary.    The author, a professor at Harvard Law School, argues that concerns about the perils of short-termism and support for measures that would insulate corporate leaders from the outside pressures that allegedly make them myopic are long on alarming rhetoric and short on empirical evidence or economic logic. Furthermore, he writes, the threat of hedge fund activism should be expected to discourage managerial slack and underperformance, thus playing an important disciplinary role and incentivizing leaders to enhance shareholder value. The complete Spotlight package is available in a single reprint. This issue of Harvard Business Review includes, as many prior issues did, an article decrying the perils of short-termism and supporting measures for insulating corporate leaders from the outside pressures that allegedly make them myopic. But such arguments are long on alarming rhetoric and short on empirical evidence or econ

Nordrhein westfalenUnited statesGardiner meansWei jiangWilliam abernathyDoron levitMichael porterScott hirstPeter wegnerMarty liptonAdolf berleRobert hayesPalma cohenHedge fund activism detrimentalHarvard business reviewEconomic decline