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

By: Publication details: San Francisco : Berrett-Koehler, c2012.Edition: 1st edDescription: vi, 134 p. ; 22 cmISBN:
  • 9781605098135 (pbk.) :
  • 1605098132 (pbk.) :
Subject(s): LOC classification:
  • HD2744 .S76 2012
Contents:
Introduction: "the dumbest idea in the world" -- The rise of shareholder value thinking -- How shareholder primacy gets corporate law wrong -- How shareholder primacy gets corporate economics wrong -- How shareholder primacy gets the empirical evidence wrong -- Short-term speculators versus long-term investors -- Keeping promises to build successful companies -- Hedge funds versus universal investors -- Making room for shareholder conscience -- Conclusion: "slaves of some defunct economist."

Introduction: "the dumbest idea in the world" -- The rise of shareholder value thinking -- How shareholder primacy gets corporate law wrong -- How shareholder primacy gets corporate economics wrong -- How shareholder primacy gets the empirical evidence wrong -- Short-term speculators versus long-term investors -- Keeping promises to build successful companies -- Hedge funds versus universal investors -- Making room for shareholder conscience -- Conclusion: "slaves of some defunct economist."

Includes bibliographical references and index.

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