The shareholder value myth - Lynn A. Stout
how putting shareholders first harms investors, corporations, and the public
KORTE INHOUD
“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.
—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.
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2012 Uitgever: Berrett-Koehler 144 paginas Taal: Engels ISBN-10: 1605098132 ISBN-13: 9781605098135Koop dit boek tweedehands
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Het boek verkeert in goede staat, maar let wel op; op de voorkant van het boek is een sticker geplakt met daarop 'Inkijkexemplaar'. [Titel: Shareholder Value Myth]
