Maximizing Shareholder Value is Fundamentally Flawed Idea
richardfield.substack.com
Just because an idea is endorsed by a Nobel prize winning Economist doesn’t mean the idea is right. The idea companies should focus on maximizing shareholder value is a classic example of this. Prior to Milton Friedman’s endorsement, companies were managed for the benefit of their stakeholders. Stakeholders included customers, employees and the communities in which the companies were located as well as shareholders.
Maximizing Shareholder Value is Fundamentally Flawed Idea
Maximizing Shareholder Value is Fundamentally…
Maximizing Shareholder Value is Fundamentally Flawed Idea
Just because an idea is endorsed by a Nobel prize winning Economist doesn’t mean the idea is right. The idea companies should focus on maximizing shareholder value is a classic example of this. Prior to Milton Friedman’s endorsement, companies were managed for the benefit of their stakeholders. Stakeholders included customers, employees and the communities in which the companies were located as well as shareholders.