Corporate Governance 630
Mark Hurd 630 What Is Corporate Governance? 633 The Corporate Charter 634 Power in Corporate Governance: Theory and Reality 636
Stockholders 636 Shareholder Resolutions 638 Assessing Shareholder Influence 639
Federal Regulation of Governance 639 Enron Corp. 640 Other Failures of Governance 644 The Sarbanes-Oxley Act 645 Lehman Brothers 646 The Dodd-Frank Act 650
Boards of Directors 651 Duties of Directors 652 Board Composition 652 Board Dynamics 653
Executive Compensation 655 Components of Executive Compensation 655 Problems with CEO Compensation 659
Concluding Observations 663 Case Study: High Noon at Hewlett- Packard 664
Chapter 17 Civil Rights, Women, and Diversity 585
The Employment Non-Discrimination Act 585 A Short History of Workplace Civil Rights 587
The Colonial Era 588 Civil War and Reconstruction 589 Other Groups Face Employment Discrimination 590 The Civil Rights Cases 591 Plessy v. Ferguson 592 Long Years of Discrimination 593
The Civil Rights Act of 1964 594 Disparate Treatment and Disparate Impact 595 The Griggs Case 596
Affirmative Action 597 Executive Order 11246 598
The Supreme Court Changes Title VII 599 The Affirmative Action Debate 601
Women at Work 602 Gender Attitudes at Work 604 Subtle Discrimination 605 Sexual Harassment 607 Occupational Segregation 610 Compensation 612
Diversity 614 Elements of Diversity Programs 616
Concluding Observations 618 Case Study: Adarand v. Peña 619
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Preface This 13th edition continues a long effort to tell the story of how forces in business, government, and society shape our world. As always, a stream of events dictated the need for extensive revision. In particular, a major financial crisis and a new presidential administration altered parts of the subject matter in important ways. Accordingly, we have updated the chapters to include new ideas, events, person- alities, and publications.
While current events move rapidly over the surface of our world, its underly- ing dynamics are largely undisturbed. As with every revision, we adapt to the flow of events, but we also continue the work of building insight into basic prin- ciples, institutions, and forces. So, while new events will doubtless erode the cur- rency of the discussions, we believe that certain insights about the relationships between business, government, and society should endure.
In what follows, we summarize new elements in this edition.
THE CHAPTERS Key revisions and additions in the chapters include these.