The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public

[Lynn A. Stout] ✓ The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public ✓ Read Online eBook or Kindle ePUB. The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public If you own stock, invest in companies, or are starting a new business, read this book! If you so much as skim the business pages in a newspaper, theres little doubt youve heard it said or seen it written that corporate officers and directors are required by law to maximize shareholder value and that theyre subject to lawsuits if their decisions favor any other stakeholder such as employees, customers, or suppliers over profit. The well-entrenched view that shareholders are paramount is widely

The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public

Author :
Rating : 4.27 (797 Votes)
Asin : B007PIZ8IO
Format Type :
Number of Pages : 400 Pages
Publish Date : 2017-08-08
Language : English

DESCRIPTION:

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.. 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 debun

Her book is a must-read for anyone interested in understanding the root causes of the current financial calamity.”—Jack Willoughby, Senior Editor, Barron’s“Lynn Stout offers a new vision of good corporate governance that serves investors, firms, and the American economy.”—Judy Samuelson, Executive Director, Business and Society Program, The Aspen Institute  . “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 Stud

If you own stock, invest in companies, or are starting a new business, read this book! 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, customers, or suppliers over profit. The well-entrenched view that shareholders are paramount is widely regarded as the corn. Executives and boards, take note. One Cornell law professor argues that over-reliance on share price can lead to pro []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 the best interests of the shareholders” – much like that booming voice in the “The Wizard of Oz” &n. 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. Excellent book.