search query: @author Rhodes, D. W. / total: 5
reference: 2 / 5
Author: | Rhodes, D. W. |
Title: | When raiders go fishing. |
Journal: | Journal of Business Strategy
1989 : MAR-APR, VOL. 10:2, p. 48-50 |
Index terms: | MANAGEMENT BUY-OUTS PERSONNEL MANAGEMENT MANAGEMENT STYLES |
Language: | eng |
Abstract: | Raiders are typically seen as individuals without proper concern for the long term - the villains in a no-win game that will sap the economic strength of the nation. Raiders do keep the existing management team in place - chiefly when they acquire a company or a portion of its assets. This may happen when the company is a subsidiary of a poorly managed parent organization. Here the raider identifies a strategy, creates powerful financial incentives for existing management to build business, and watches closely. So, the raider may be the catalyst for the creation of a new kind of hero - the manager who maximizes value for the shareholder. |
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