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: | |
|---|---|
| Format: | Books Print Book |
| Language: | English |
| Published: |
San Francisco :
Berrett-Koehler,
Ã2012.
|
| Edition: | 1st ed. |
| Subjects: | |
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| LEADER | 00000cam a22000004a 4500 | ||
|---|---|---|---|
| 001 | ocn760975992 | ||
| 003 | OCoLC | ||
| 005 | 20190201173600.0 | ||
| 008 | 120206s2012 cau b 001 0 eng | ||
| 010 | |a 2012003687 | ||
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| 019 | |a 919277088 | ||
| 020 | |a 9781605098135 |q (pbk.) | ||
| 020 | |a 1605098132 |q (pbk.) | ||
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| 035 | |a (OCoLC)760975992 |z (OCoLC)919277088 | ||
| 037 | |b Ingram Pub Services, Attn: Benton Tatum 1 Ingram Blvd, LA Vergne, TN, USA, 37086 |n SAN 631-8630 | ||
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| 082 | 0 | 0 | |a 658.15/5 |2 23 |
| 100 | 1 | |a Stout, Lynn A., |d 1957- | |
| 245 | 1 | 4 | |a The shareholder value myth : |b how putting shareholders first harms investors, corporations, and the public / |c Lynn Stout. |
| 250 | |a 1st ed. | ||
| 260 | |a San Francisco : |b Berrett-Koehler, |c Ã2012. | ||
| 300 | |a vi, 134 pages ; |c 22 cm | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a unmediated |b n |2 rdamedia | ||
| 338 | |a volume |b nc |2 rdacarrier | ||
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | 0 | |t Introduction: "the dumbest idea in the world" -- |g Part I: |t Debunking the shareholder value myth. |t The rise of shareholder value thinking -- |t How shareholder primacy gets corporate law wrong -- |t How shareholder primacy gets corporate economics wrong -- |t How shareholder primacy gets the empirical evidence wrong -- |g Part II. |t What do shareholders really value? |t Short-term speculators versus long-term investors -- |t Keeping promises to build successful companies -- |t Hedge funds versus universal investors -- |t Making room for shareholder conscience -- |t Conclusion: "slaves of some defunct economist." |
| 520 | |a 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. | ||
| 650 | 0 | |a Stockholders. | |
| 650 | 0 | |a Corporate governance. | |
| 650 | 0 | |a Corporations |x Investor relations. | |
| 650 | 0 | |a Corporations |x Valuation. | |
| 994 | |a C0 |b PCB | ||
| 949 | |a schlow |b SANON |c 658.155 STO |d i |e 39635103946461 |f 655588 |g ddc |j 01/28/2019 | ||
| 999 | |a 427875 | ||
