Download The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public AudioBook Free
Executives, investors, and the business enterprise press routinely chant the mantra that companies are required to "maximize shareholder value." Within this path-breaking publication, renowned commercial expert Lynn Stout debunks the misconception that corporate laws mandates shareholder primacy. Stout shows how shareholder value considering endangers not only investors but the break of us as well. It leads managers to target myopically on short-term revenue; discourages investment and creativity; harms employees, customers, and areas; and causes companies to enjoy reckless, sociopathic, and irresponsible habits. Additionally, Stout looks at new types of corporate goal that better help the needs of investors, corporations, and contemporary society.