Book Description“Shareholder value is the dumbest idea in the world.”
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.
Table of Contents
- Cover Page
- Title Page
- Copyright Page
- Introduction: “The Dumbest Idea In The World”
- Part I: Debunking The Shareholder Value Myth
- Part II: What Do Shareholders Really Value?
- Conclusion: “Slaves of Some Defunct Economist”
- About the Author
- Title: The Shareholder Value Myth
- Release date: May 2012
- Publisher(s): Berrett-Koehler Publishers
- ISBN: 9781605098135