The shareholder value myth
how putting shareholders first harms investors, corporations, and the public
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Word Count
33,500 words, Guess
Page Count
134 pages
Identifiers
- Internet Archiveshareholdervalue0000stou
- ISBN-139781605098135
- ISBN-101605098132
- Library of Congress Control Number2012003687
- OCLC Control Number760975992
and 2 more
- Better World Books9781605098135
- Open LibraryOL25206381M
Classifications
- DDC658.15/5
- LCCHD2744 .S76 2012
- LCCHD2744.S76 2012
Description
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.
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