Published by:
Harvard Business Publishing
Length: 8 pages
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Abstract
This article moves the privatization debate from the ideological ground of private versus public to the more pragmatic ground of managerial behavior and accountability. Viewed in this context, the pros and cons of privatization can be measured against the standards of good management-- regardless of ownership. The lessons from the wave of corporate takeovers in the late 1980s are directly applicable to the debate over privatization: managerial accountability to the public''s interest matters more than the form of ownership.
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Abstract
This article moves the privatization debate from the ideological ground of private versus public to the more pragmatic ground of managerial behavior and accountability. Viewed in this context, the pros and cons of privatization can be measured against the standards of good management-- regardless of ownership. The lessons from the wave of corporate takeovers in the late 1980s are directly applicable to the debate over privatization: managerial accountability to the public''s interest matters more than the form of ownership.