there still isn’t a single shred of empirical evidence that 100 percent focus on shareholder value to the exclusion of other societal factors actually produces measurably higher value for shareholders. In fact, all the evidence that we have since 1970 points the other way: shareholder primacy has been a financial bonanza for the C-suite but a disaster for the long-term interests of the firms themselves, their shareholders and society. “If [corporations] make it their purpose to maximize shareholder value, shareholders are likely to suffer because that cravenness turns off customers, employees, and the world in general. If they make it their purpose to serve customers brilliantly, be a fabulous place to work, and contribute meaningfully to the communities in which they operate, chances are their shareholders will be very happy.” The key is to see that it’s not a tradeoff. forbes/sites/stevedenning/2014/06/17/why-the-worlds-dumbest-idea-is-finally-dying/
Posted on: Wed, 25 Jun 2014 04:34:23 +0000
Trending Topics
Recently Viewed Topics
© 2015