Berrett-Koehler Publishers
May 2012
On Sale: May 7, 2012
120 pages ISBN: 1605098132 EAN: 9781605098135 Kindle: B007PIZ8IO Paperback / e-Book Add to Wish List
Executives, investors, and the business press routinely chant the mantra that corporations are required to βmaximize shareholder value.β 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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