1.

Record Nr.

UNINA9910826154803321

Autore

Stout Lynn A. <1957->

Titolo

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

Pubbl/distr/stampa

San Francisco, : Berrett-Koehler, c2012

ISBN

1-280-12819-4

9786613532077

1-60509-815-9

Edizione

[1st ed.]

Descrizione fisica

vi, 134 p. : port

Collana

BK business book

Disciplina

658.15/5

Soggetti

Stockholders

Corporate governance

Corporations - Investor relations

Corporations - Valuation

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

pt. 1. Debunking the shareholder value myth -- pt. 2. What do shareholders really value?

Sommario/riassunto

“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.