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| Document Type: | Book |
|---|---|
| All Authors / Contributors: |
Lynn A Stout |
| ISBN: | 9781605098135 1605098132 |
| OCLC Number: | 760975992 |
| Description: | vi, 134 p. ; 22 cm. |
| Contents: | Introduction: "the dumbest idea in the world" -- Part I: Debunking the shareholder value myth. The rise of shareholder value thinking -- How shareholder primacy gets corporate law wrong -- How shareholder primacy gets corporate economics wrong -- How shareholder primacy gets the empirical evidence wrong -- Part II. What do shareholders really value? Short-term speculators versus long-term investors -- Keeping promises to build successful companies -- Hedge funds versus universal investors -- Making room for shareholder conscience -- Conclusion: "slaves of some defunct economist." |
| Responsibility: | Lynn Stout. |
| More information: |
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Publisher Synopsis
<p>"A must-read for managers, directors, and policymakers interested in getting America back in the business of creating real value for the long term."<br>--Constance E. Bagley, Professor, Yale School of Management; President, Academy of Legal Studies in Business; and author of Managers and the Legal Environment and Winning Legally<br><br> "A compelling call for radically changing the way business is done..., The Shareholder Value Myth powerfully demonstrates both the dangers of the shareholder value rule and the falseness of its alleged legal necessity."<br>--Joel Bakan, Professor, The University of British Columbia, and author of the book and film The Corporation <p>"Lynn Stout has a keen mind, a sharp pen, and an unbending sense of fearlessness. Her book is a must-read for anyone interested in understanding the root causes of the current financial calamity."<br>--Jack Willoughby, Senior Editor, Barron's<p>"Lynn Stout offers a new vision of good corporate governance that serves investors, firms, and the American economy."<br>--Judy Samuelson, Executive Director, Business and Society Program, The Aspen Institute<br> Read more...
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by sgass updated 2013-02-28