ÌÇÐÄvlog¹ÙÍø Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
Taking a Long View on Corporate Reform. Lawrence Summers, August 10, 2015, Opinion, "A generation ago, Japan's keiretsu system, which insulated corporate management from share price pressure by tying large companies together, was widely seen as a great Japanese strength; yet even apart from Japan's manifest macroeconomic difficulties, Japanese companies lacking market discipline have squandered leads in sectors ranging from electronics to automobiles to information technology."