The Shareholder Value Myth cover art

The Shareholder Value Myth

How Putting Shareholders First Harms Investors, Corporations, and the Public

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The Shareholder Value Myth

By: Lynn Stout
Narrated by: Elaine Kellner
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About this listen

Executives, investors, and the business press routinely chant the mantra that corporations are required to "maximize shareholder value." In this path-breaking 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. It leads managers to focus myopically on short-term earnings; discourages investment and innovation; harms employees, customers, and communities; and causes companies to indulge in reckless, sociopathic, and irresponsible behaviors. Additionally, Stout looks at new models of corporate purpose that better serve the needs of investors, corporations, and society.

©2012 Lynn Stout (P)2015 Lynn Stout Corporate & Public Finance Leadership Management Management & Leadership Organisational Behavior Project Management Workplace & Organisational Behavior Business Capitalism Investing Stock Socialism Taxation
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The premise of this book is good but I cannot help feeling that it's far too focused on the US market. There are many multi national companies for which the shareholder value issue is real outside of the US and the book would have benefited from at least acknowledging that, if not tackling it.

far too US centric

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important stuff and everyone should read this book. that it was, narrated by a ai or something.. hard to listen to.

the book is important and interesting. The robot reading the book destroyed it and made it really hard to maintain focus.

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