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.
©2012 Lynn Stout (P)2015 Lynn Stout
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.
The ideas and understanding that you have provided cause a whole new outlook for my longer term investment plans. It Hopefully helps in my future selections and the effort that I will exert before utilizing equity markets
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