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| Authored by: Anonymous on Sunday, July 15 2012 @ 07:18 PM EDT |
Maximizing shareholder value is the end result, but the
priorities are how you get there. Putting shareholders before
customers and employees will in the end deliver zero
shareholder value. We saw that with SCO[ Reply to This | Parent | # ]
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| Authored by: PJ on Monday, July 16 2012 @ 06:30 AM EDT |
That's actually a fairly new priority list item.
It's not traditionally the way it used to work,
nor is it proving to be a source of benefits to
the economy at large or the public or anyone but
the shareholders, who used to invest to help
a company get larger or whatever and now rape
and pillage and outsource and force a company
into bankruptcy if it benefits them and the
executives and do whatever makes
a quick buck. There is nothing in corporate law
that requires a company to take any such steps,
but there is enough that can be used to litigate
such issues that companies like Google and
Facebook set themselves up in such a way that
greedy shareholders can't ever get that kind
of stranglehold on the company.
[ Reply to This | Parent | # ]
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