“The Shareholder Value Myth”

Monday, 30 July 2012 | A Public Affair

On Monday July 30th, Norm Stockwell talked with author Lynn Stout about her book “The Shareholder Value Myth.”

“Executives, investors, and the business press routinely chant the mantra that corporations are required to “maximize shareholder value.” In this pathbreaking book, renowned corporate expert Lynn Stout debunks the myth that corporate law mandates shareholder primacy. Stout shows how shareholder value thinking endangers not only investors but the rest of us as well, leading managers to focus myopically on short-term earnings; discouraging investment and innovation; harming employees, customers, and communities; and causing companies to indulge in reckless, sociopathic, and irresponsible behaviors. And she looks at new models of corporate purpose that better serve the needs of investors, corporations, and society.”

-Berrett-Koehler Publishers, Inc.

To read more about Lynn Stout:
http://www.lawschool.cornell.edu/spotlights/Cornell-Law-School-Welcomes-Lynn-Stout.cfm

A Public Affair
A Public Affair
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A Public Affair is WORT's daily hour-long talk program. It aims to engage listeners in a conversation on social, cultural, and political issues of importance. The guests range from local activists and scholars to notable national and international figures.

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