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Business & Money

Corporate Finance

The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public

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The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public

â€œShareholder value is the dumbest idea in the world.â€
â€”Jack Welch

Executives, investors, and the business press routinely chant the mantra that corporations are required to â€œmaximize shareholder value.â€ In this pathbreaking book, renowned corporate expert Lynn Stout debunks the myth that corporate law mandates shareholder primacy. Stout shows how shareholder value thinking endangers not only investors but the rest of us as well, leading managers to focus myopically on short-term earnings; discouraging investment and innovation; harming employees, customers, and communities; and causing companies to indulge in reckless, sociopathic, and irresponsible behaviors. And she looks at new models of corporate purpose that better serve the needs of investors, corporations, and society.
Country USA
Brand Berrett-Koehler
Manufacturer Berrett-Koehler Publishers
Binding Paperback
ItemPartNumber 9781605098135
Color Cream
ReleaseDate 2012-05-07
UnitCount 1
EANs 9781605098135

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