May 2012
Beginner
120 pages
3h 16m
English
Content preview from The Shareholder Value MythBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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CHAPTER 4How Shareholder Primacy Gets the Empirical Evidence Wrong
Chapters 2 and 3 explored how shareholder primacy thinking is neither required by law nor consistent with the real economic structure of public corporations. Nevertheless, the law permits companies to embrace the goal of shareholder value if they elect to do so. A corporation could, for example, mandate shareholder primacy in its charter (although as we have just seen, virtually no public corporation does so).
But as shareholder primacy advocates often point out, there are less-extreme strategies that companies also could adopt to make directors and executives more eager to embrace ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.