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A comment on The World's Dumbest Idea: Maximizing Shareholder Value (2014) [pdf]. Parent comment

Re:The World's Dumbest Idea: Maximizing Shareholder Value (2... by SliderUp on Saturday December 07, 2019 @05:38PM (#21733057)
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)_/¯

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Re:The World's Dumbest Idea: Maximizing Shareholder Value (2... by smabie on Saturday December 07, 2019 @05:56PM (#21733163)
I 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.
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