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

May 7, 2012|
The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public by Lynn Stout
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“Shareholder value is the dumbest idea in the world.”
—Jack Welch

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.
Preface INTRODUCTION: “THE DUMBEST IDEA IN THE WORLD” PART I: DEBUNKING THE SHAREHOLDER VALUE MYTH Chapter One The Rise of Shareholder Value Thinking Chapter Two How Shareholder Primacy Gets Corporate Law Wrong Chapter Three How Shareholder Primacy Gets Corporate Economics Wrong Chapter Four How Shareholder Primacy ...
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Title:The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the P...Format:PaperbackProduct dimensions:144 pages, 8.56 X 5.56 X 0.4 inShipping dimensions:144 pages, 8.56 X 5.56 X 0.4 inPublished:May 7, 2012Publisher:Berrett-koehlerLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:1605098132

ISBN - 13:9781605098135

Appropriate for ages: All ages

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