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· 27/12/11 · 7 · Reblog

speshal-k:

(via The Dumbest Idea In The World: Maximizing Shareholder Value - Forbes)

This article and the related book is excellent reading on the core of the problems with the corporate mentality today.

Must read.

“It isn’t just about the money for shareholders,” writes Martin, “or even the dubious CEO behavior that our theories encourage. It’s much bigger than that. Our theories of shareholder value maximization and stock-based compensation have the ability to destroy our economy and rot out the core of American capitalism. These theories underpin regulatory fixes instituted after each market bubble and crash. Because the fixes begin from the wrong premise, they will be ineffectual; until we change the theories, future crashes are inevitable.”

  1. purehemp reblogged this from speshal-k and added:
    “It isn’t just about the money for shareholders,” writes Martin, “or even the dubious CEO behavior that our theories...
  2. speshal-k posted this