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...
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| Main Author: | |
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| Format: | Books Print Book |
| Language: | English |
| Published: |
San Francisco :
Berrett-Koehler,
Ã2012.
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| Edition: | 1st ed. |
| Subjects: | |
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| Summary: | 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.--Publisher description. |
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| Physical Description: | vi, 134 pages ; 22 cm |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781605098135 1605098132 |
| Author Notes: |
