Business History Review

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  • Winter 2015 preview

Corporate Governance since the Managerial Capitalism Era

by Brian R. Cheffins

Executives of today's public companies face a considerably different set of opportunities and constraints than did their counterparts in the managerial capitalism era, which reached its apex in the 1950s and 1960s. The growing importance of corporate governance featured prominently as circumstances changed for those running public companies. This article explores these developments, taking into account high-profile corporate scandals occurring in the first half of the 1970s and the early 2000s, the 1980s “Deal Decade,” the “imperial” chief executive phenomenon, and changes to the roles played by directors and shareholders of public companies.

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Baker Library Historical Collections

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The HBS Medici Collection

Baker Library, Harvard Business School, holds the largest collection of Renaissance Florentine account books outside Italy. The HBS Medici Collection, which comprises more than 150 ledgers and other manuscript volumes, sheds extraordinary light on the business and personal activities of six generations of one branch of Florence's Medici family, and it contains an abundance of unique materials from the late 14th to the early 18th century, with the vast bulk dating from 1400 to 1600.

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Georges F. Doriot: Educating Leaders, Building Companies

During his forty-year tenure at Harvard Business School, the charismatic Doriot taught business and leadership in his celebrated Manufacturing course to nearly 7,000 students. Examine his career as a legendary educator, a founder of the modern venture capital industry, and a U.S. Army general during World War II.

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