The shareholder value myth : how putting shareholders first harms investors, corporations, and the public / Lynn Stout.

Format:

Book

Author/Creator:

Stout, Lynn A., 1957-

Series:

BK business book.

BK business book

Language:

English

Subjects (All):

Stockholders.

Corporate governance.

Corporations--Investor relations.

Corporations.

Corporations--Valuation.

Physical Description:

vi, 134 p. : port.

Edition:

1st ed.

Other Title:

How putting shareholders first harms investors, corporations, and the public

Place of Publication:

San Francisco : Berrett-Koehler, c2012.

Language Note:

English

System Details:

Mode of access: World Wide Web.

text file

Summary:

“Shareholder value is the dumbest idea in the world.” —Jack Welch 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.

Contents:

pt. 1. Debunking the shareholder value myth

pt. 2. What do shareholders really value?

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

ISBN:

9786613532077

9781280128196

1280128194

9781605098159

1605098159

OCLC:

784885784