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If you can't see that in the main, using Shareholder Value as the main driver of corporate behavior is a bad thing, well, sorry. In a society where society pro
by SliderUp 7y ago
If you can't see that in the main, using Shareholder Value as the main driver of corporate behavior is a bad thing, well, sorry.
In a society where society provides infrastructure, defense, etc, corporations should have a trio of responsibilities.
1) Shareholder (including primarily stock compensated executives) returns
2) Employee (non primarily stock compensated) pay, benefits, and well-being.
3) Society.
American capitalism has embraced #1 to the exclusion of all else, enabled by lax labor laws, corporate tax loopholes, and lower capitol gains taxing. ¯\_(ツ)_/¯
- smabie 7y agoI didn’t mention anything after his first sentence. I’m not going to get into shareholder value, but I will get into his flippant disregard of the most important discoveries of finance.