1. Why the “Maximizing Shareholder Value” Theory of Corporate Governance is Bogus

    Why the “Maximizing Shareholder Value” Theory of Corporate Governance is Bogus

    One mantra you see regularly in the business and popular press goes something along the lines of "the CEO and board have a fiduciary duty to maximize shareholder value." That is untrue. Moreover, the widespread acceptance of that false notion has done considerable harm...

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