Reddit reviews The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public
We found 2 Reddit comments about The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public. Here are the top ones, ranked by their Reddit score.
I think it is a self-serving myth that US companies are required to only care about the $$. A very convincing and nearly entirely believed myth, but I think it's been debunked. Now don't get me wrong, that's probably all the shareholders care about and in the end the companies are setup to care about what they want...
This book covers it way better than I can:
https://www.amazon.com/Shareholder-Value-Myth-Shareholders-Corporations-ebook/dp/B007PIZ8IO/ref=sr_1_1?ie=UTF8&qid=1534453504&sr=8-1&keywords=lynn+stout
"So long as a board can claim its members honestly believe that what they're doing is best for `the corporation in the long run,' courts will not interfere with a disinterested board's decisions -- even decisions that reduce share price today."
This review of the book summarizes it well:
https://corpgov.law.harvard.edu/2012/06/26/the-shareholder-value-myth/
That's today's normal, but it wasn't always that way. And it probably shouldn't be now. Good book here.