The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public
Executives, investors, and the business press routinely chant the mantra that corporations are required to “maximize shareholder value.” 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.
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LibraryThing ReviewUser Review - willszal - LibraryThing
For those who think about such things as fiduciary duty and the efficient markets hypothesis, this is a fascinating and highly recommended read. I met Lynn at Tellus Institute two years about when she ... Read full review
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