4
The Tyranny of Shareholder Value
Wealth is evidently not the good we are seeking; for it is merely useful and for the sake of something else.
—Aristotle, The Nicomachean Ethics
In December 2019, my children and I got together for the holiday season, as we do every year. The year, and the decade, were coming to a close. Both my son and my daughter were stepping into their thirties and starting their own families; a few months earlier, I had turned 60 and stepped down as CEO at Best Buy. It was a moment of reflection for all of us.
The news also weighed heavily on our minds: catastrophic forest fires were ravaging New South Wales and Victoria in Australia, a few months after raging in Brazil’s Amazon and, again, in California. Social fires ...
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