Maximizing Shareholder Value: The Dumbest Idea In The World
The Dumbest Idea In The World: Maximizing Shareholder Value Excellent argument. The real market vs the expectations market In today’s paradoxical world of maximizing shareholder value, which Jack Welch himself has called “the dumbest idea in the world”, the situation is the reverse. CEOs and their top managers have massive incentives to focus most of [...]