The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public by Lynn Stout

The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public by Lynn Stout

An in-depth look at the trouble with shareholder value thinking and at better options for models of corporate purpose.

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.

"A must-read for managers, directors, and policymakers interested in getting America back in the business of creating real value for the long term." -Constance E. Bagley, professor, Yale School of Management; president, Academy of Legal Studies in Business; and author of Managers and the Legal Environment and Winning Legally

"A compelling call for radically changing the way business is done... The Shareholder Value Myth powerfully demonstrates both the dangers of the shareholder value rule and the falseness of its alleged legal necessity." -Joel Bakan, professor, The University of British Columbia, and author of the book and film The Corporation

"Lynn Stout has a keen mind, a sharp pen, and an unbending sense of fearlessness. Her book is a must-read for anyone interested in understanding the root causes of the current financial calamity." -Jack Willoughby, senior editor, Barron's

"Lynn Stout offers a new vision of good corporate governance that serves investors, firms, and the American economy." -Judy Samuelson, executive director, Business and Society Program, The Aspen Institute

At UCLA School of Law, Lynn Stout is the Paul Hastings Professor of Corporate and Securities Law. She is a regular commenter for NPR, PBS, and the Wall Street Journal, as well as the coauthor of several books.

SKU	Unavailable
ISBN 13	9781605098135
ISBN 10	1605098132
Title	The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public
Author	Lynn Stout
Condition	Unavailable
Binding Type	Paperback
Publisher	Berrett-Koehler
Year published	2012-05-07
Number of pages	144
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.