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

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  • Publisher:
    Berrett-Koehler Publishers, 2012
    Note: This book was purchased with support from the Government of Canada's Social Development Partnerships Program - Disability Component.

Details:

  • Author: Stout, Lynn A.
    Edition: 1 ed.
    Date:
    Created
    2012
    Summary:

    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.

    Original Publisher: San Francisco, US, Berrett-Koehler Publishers
    Language(s): English
    ISBN: 9781605098166