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Let's tear down the idol of 'shareholder value'

It does more harm than good and can blind people to more important goals
Saturday, May 6, 2017 - 05:50

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The problem with over-reliance on shareholder value as the only metric of CEO success is that it creates the wrong incentives.

"MAXIMISING shareholder value" is one of those concepts that falls under the adage, "Be careful what you wish for." I know this because a long time ago, I was one of those wishing for it.

It seemed like such a good idea at the time, back in the late 1970s and 1980s. For too long, the

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