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The Shareholder Value Myth
Lynn Stout
Berrett-Koehler Publishers
May 2012
On Sale: May 7, 2012
120 pages
ISBN: 1605098132
EAN: 9781605098135
Kindle: B007PIZ8IO
Paperback / e-Book
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Non-Fiction
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.
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