The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public (Large Print 16pt) by Stout, Lynn
The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public (Large Print 16pt) by Stout, Lynn

The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public (Large Print 16pt)

Proves that shareholder primacy has no basis in law or economics and does not deliver better bottom...
HK$368.31
HK$368.31
SKU: 9781459638693
Product Type: Books
Please hurry! Only 558 left in stock
Author: Lynn Stout
Format: Paperback
Language: English
Subtotal: $368.31
10 customers are viewing this product
The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public (Large Print 16pt) by Stout, Lynn

The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public (Large Print 16pt)

$368.31
The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public (Large Print 16pt) by Stout, Lynn

The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public (Large Print 16pt)

$368.31
Author: Lynn Stout
Format: Paperback
Language: English
Description
Proves that shareholder primacy has no basis in law or economics and does not deliver better bottom - line results. Suggests better ways to think about shareholders and their relationship to corporations Written by one of America's most distinguished legal scholars, Executives, investors, and the business press routinely chant the mantra that corporations are required to ''maximize shareholder value.'' The results have been disastrous. ''Shareholder primacy'' thinking causes corporate managers to focus myopically on short - term earnings reports at the expense of long - term performance; discourages investment and innovation; harms employees, customers, and communities; and causes companies to indulge in reckless, sociopathic, and socially irresponsible behaviors. It's the kind of thinking that led directly to the recent worldwide economic collapse. Jack Welch, once a shareholder primacy true believer, has famously called it ''the dumbest idea in the world.''
Lynn Stout proves that there is in fact no legal obligation for corporations to maximize shareholder value - scholars, lawyers, and corporate officers just assumed there was. Nor, she demonstrates, is maximizing shareholder value the optimal economic model - that's just another unproven assumption, one that is conceptually muddled and, Stout shows, unsupported by the actual evidence on what drives good corporate performance.
As if this wasn't enough, Stout also shows how shareholder primacy actually hurts individual investors by obscuring their real, diverse, human interests in the name of serving a hypothetical, homogeneous, abstract, and conscienceless shareholder. Stout looks at new theories that better serve the needs not only of actual human beings who invest but of corporations and society as well.
''Calm, careful, plainspoken, and relentless argumentation that peels away the distracting layers of abstract mumbo jumbo to expose the lunacy of the underlying theory for all to see. Lynn Stout does the world a great favor in exposing shareholder value theory for what it is: flawed and damaging.''
- Roger Martin, Dean, Rotman School of Management, University of Toronto, and author of Fixing the Game.


Author: Lynn Stout
Publisher: ReadHowYouWant
Published: 05/07/2012
Pages: 226
Binding Type: Paperback
Weight: 0.88lbs
Size: 10.00h x 7.00w x 0.48d
ISBN: 9781459638693

This title is not returnable
Shipping & Return

Returns Policy

You may return most new, unopened items within 30 days of delivery for a full refund. We'll also pay the return shipping costs if the return is a result of our error (you received an incorrect or defective item, etc.).

You should expect to receive your refund within four weeks of giving your package to the return shipper, however, in many cases you will receive a refund more quickly. This time period includes the transit time for us to receive your return from the shipper (5 to 10 business days), the time it takes us to process your return once we receive it (3 to 5 business days), and the time it takes your bank to process our refund request (5 to 10 business days).

If you need to return an item, simply login to your account, view the order using the "Complete Orders" link under the My Account menu and click the Return Item(s) button. We'll notify you via e-mail of your refund once we've received and processed the returned item.

Shipping

We can ship to virtually any address in the world. Note that there are restrictions on some products, and some products cannot be shipped to international destinations.

When you place an order, we will estimate shipping and delivery dates for you based on the availability of your items and the shipping options you choose. Depending on the shipping provider you choose, shipping date estimates may appear on the shipping quotes page.

Please also note that the shipping rates for many items we sell are weight-based. The weight of any such item can be found on its detail page. To reflect the policies of the shipping companies we use, all weights will be rounded up to the next full pound.

Review

Related Products

Example product title
HK$368.31
HK$368.31
Example product title
HK$368.31
HK$368.31
Example product title
HK$368.31
HK$368.31
Example product title
HK$368.31
HK$368.31
Example product title
HK$368.31
HK$368.31
Example product title
HK$368.31
HK$368.31
Example product title
HK$368.31
HK$368.31
Example product title
HK$368.31
HK$368.31
Example product title
HK$368.31
HK$368.31
Example product title
HK$368.31
HK$368.31

Recently Viewed Products