The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public
| Author | : | |
| Rating | : | 4.56 (881 Votes) |
| Asin | : | 1605098132 |
| Format Type | : | paperback |
| Number of Pages | : | 120 Pages |
| Publish Date | : | 2014-10-04 |
| Language | : | English |
DESCRIPTION:
“A must-read for managers, directors, and policymakers interested in getting America back in the business of creating real value for the long term.”—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 “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.”—Joel Bakan, Professor, The University of British Columbia, and author of the book and film The Corporat
And she looks at new models of corporate purpose that better serve the needs of investors, corporations, and society.. 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. 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
"If you own stock, invest in companies, or are starting a new business, read this book!" according to Mal Warwick. If you so much as skim the business pages in a newspaper, there's little doubt you've heard it said or seen it written that corporate officers and directors are required by law to maximize shareholder value and that they're subject to lawsuits if their decisions favor any other stakeholder such as employees, c. Executives and boards, take note. One Cornell law professor argues that over-reliance on share price can lead to pro Frazer Rice []Anyone who has spent any time employed by a public company quickly learns the phrase “in the best interests of the shareholders.” It is used to justify decisions on issues including (and certainly not limited to) strategy, resource allocation, risk, personnel, marketing and reputation. “In . Brian Bohanon said Do We Really Work for Shareholders?. This book will make you rethink the purpose of your business. The author brings into question the primary idea taught in business school - everything we do is to increase shareholder value. The insights in the book have made me think differently, approach problems differently, and challenge the status quo. Exc