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The Shareholder Value Myth: How Putting Shareholders First Harms Investors,
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The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public Paperback - 2012 - 1st Edition

by Lynn Stout

Distinguished legal scholar Stout proves that there is in fact absolutely no legal obligation for corporations to maximize shareholder value. She looks at new theories that not only better serve the needs of real human beings who invest, but of corporations and society as well.


From the publisher

"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.

Details

  • Title The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public
  • Author Lynn Stout
  • Binding Paperback
  • Edition number 1st
  • Edition 1
  • Pages 144
  • Volumes 1
  • Language ENG
  • Publisher Berrett-Koehler Publishers, San Francisco
  • Date 2012-05
  • ISBN 9781605098135 / 1605098132
  • Weight 0.42 lbs (0.19 kg)
  • Dimensions 8.5 x 5.62 x 0.38 in (21.59 x 14.27 x 0.97 cm)
  • Library of Congress subjects Stockholders, Corporations - Valuation
  • Library of Congress Catalog Number 2012003687
  • Dewey Decimal Code 658.155

About the author

Lynn Stout is the Distinguished Professor of Corporate and Business Law, Clarke Business Law Institute, at Cornell Law School. Her work on corporate theory was cited by Supreme Court Justice John Paul Stevens in his dissent in Citizens United.
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The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public

by Stout, Lynn

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