Executives, investors, and the business press routinely chant the mantra that corporations are required to "maximize shareholder value." In this path-breaking 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. It leads managers to focus myopically on short-term earnings; discourages investment and innovation; harms employees, customers, and communities; and causes companies to indulge in reckless, sociopathic, and irresponsible behaviors. Additionally, Stout looks at new models of corporate purpose that better serve the needs of investors, corporations, and society.
We've sent an email with your order details. Order ID #:
To access this title, visit your library in the app or on the desktop website.
Are public stock companies their own worst enemy?
Detailed and provocative
This is a comprehensive look at how corporate management in America has lost it's way.
I would have appreciated more detailed case studies of management failures, such as Enron and Continental baking.
- Lawrence A Raisch
Thanks for your hard work and a needed insight