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The shareholder value myth : how putting shareholders first harms investors, corporations, and the public Preview this item
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The shareholder value myth : how putting shareholders first harms investors, corporations, and the public

Author: Lynn A Stout
Publisher: San Francisco : Berrett-Koehler, ©2012.
Edition/Format:   Book : English : 1st edView all editions and formats
Summary:

Executives, investors, and the business press routinely chant the mantra that corporations are "owned by shareholders" and managers are obliged to "maximize shareholder value." The results have been  Read more...

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Details

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.
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<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." Read more...

 
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