Summary Of Lynn Stout S The Shareholder Value Myth

Summary Of Lynn Stout S The Shareholder Value Myth Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Summary Of Lynn Stout S The Shareholder Value Myth book. This book definitely worth reading, it is an incredibly well-written.

The Shareholder Value Myth

Lynn Stout
The Shareholder Value Myth Book PDF

Author : Lynn Stout
Publisher : Berrett-Koehler Publishers
Page : 151 pages
File Size : 50,7 Mb
Release : 2012-05-07
Category : Business & Economics
ISBN : 9781605098166

Get Book

The Shareholder Value Myth by Lynn Stout Pdf

An in-depth look at the trouble with shareholder value thinking and at better options for models of corporate purpose. 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. “A must-read for managers, directors, and policymakers interested in getting America back in the business of creating real value for the long term.” —Constance E. Bagley, professor, Yale School of Management; president, Academy of Legal Studies in Business; and author of Managers and the Legal Environment and Winning Legally “A compelling call for radically changing the way business is done... The Shareholder Value Myth powerfully demonstrates both the dangers of the shareholder value rule and the falseness of its alleged legal necessity.” —Joel Bakan, professor, The University of British Columbia, and author of the book and film The Corporation “Lynn Stout has a keen mind, a sharp pen, and an unbending sense of fearlessness. Her book is a must-read for anyone interested in understanding the root causes of the current financial calamity.” —Jack Willoughby, senior editor, Barron’s “Lynn Stout offers a new vision of good corporate governance that serves investors, firms, and the American economy.” —Judy Samuelson, executive director, Business and Society Program, The Aspen Institute

The Shareholder Value Myth

Lynn Stout
The Shareholder Value Myth Book PDF

Author : Lynn Stout
Publisher : Berrett-Koehler Publishers
Page : 146 pages
File Size : 52,8 Mb
Release : 2012-05-07
Category : Business & Economics
ISBN : 9781605098135

Get Book

The Shareholder Value Myth by Lynn Stout Pdf

Distinguished legal scholar Stout proves that there is in fact absolutely no legal obligation for corporations to maximize shareholder value. She looks at new theories that not only better serve the needs of real human beings who invest, but of corporations and society as well.

Summary of Lynn Stout's The Shareholder Value Myth

Everest Media,
Summary of Lynn Stout s The Shareholder Value Myth Book PDF

Author : Everest Media,
Publisher : Everest Media LLC
Page : 19 pages
File Size : 55,7 Mb
Release : 2022-05-10T22:59:00Z
Category : Business & Economics
ISBN : 9798822505124

Get Book

Summary of Lynn Stout's The Shareholder Value Myth by Everest Media, Pdf

Please note: This is a companion version & not the original book. Sample Book Insights: #1 The Deepwater Horizon disaster was a tragedy on an epic scale not only for the rig and the eleven people who died on it, but also for the corporation BP. By June of 2010, BP had suspended paying its regular dividends, and its stock had plummeted to less than $30 per share. #2 The Deepwater Horizon disaster is just one example of a larger problem that afflicts many public corporations today. That problem is called shareholder value thinking, and it says that public corporations exist to maximize shareholders’ wealth. #3 The 1990s saw the emergence of the idea that corporations should serve only shareholder wealth, which was reflected in stock price. This idea became dominant by the turn of the millennium. #4 The past dozen years have seen a daisy chain of corporate disasters, from massive frauds at Enron, HealthSouth, and Worldcom in the early 2000s to the near-failure and costly taxpayer bailout of many of America’s largest financial institutions in 2008.

The Shareholder Value Myth

Lynn Stout
The Shareholder Value Myth Book PDF

Author : Lynn Stout
Publisher : ReadHowYouWant
Page : 204 pages
File Size : 46,7 Mb
Release : 2012-05
Category : Business & Economics
ISBN : 1459638697

Get Book

The Shareholder Value Myth by Lynn Stout Pdf

Proves that shareholder primacy has no basis in law or economics and does not deliver better bottom - line results. Suggests better ways to think about shareholders and their relationship to corporations Written by one of America's most distinguished legal scholars, Executives, investors, and the business press routinely chant the mantra that co...

Cultivating Conscience

Lynn Stout
Cultivating Conscience Book PDF

Author : Lynn Stout
Publisher : Princeton University Press
Page : 319 pages
File Size : 47,8 Mb
Release : 2010-10-04
Category : Law
ISBN : 9781400836000

Get Book

Cultivating Conscience by Lynn Stout Pdf

How the science of unselfish behavior can promote law, order, and prosperity Contemporary law and public policy often treat human beings as selfish creatures who respond only to punishments and rewards. Yet every day we behave unselfishly—few of us mug the elderly or steal the paper from our neighbor's yard, and many of us go out of our way to help strangers. We nevertheless overlook our own good behavior and fixate on the bad things people do and how we can stop them. In this pathbreaking book, acclaimed law and economics scholar Lynn Stout argues that this focus neglects the crucial role our better impulses could play in society. Rather than lean on the power of greed to shape laws and human behavior, Stout contends that we should rely on the force of conscience. Stout makes the compelling case that conscience is neither a rare nor quirky phenomenon, but a vital force woven into our daily lives. Drawing from social psychology, behavioral economics, and evolutionary biology, Stout demonstrates how social cues—instructions from authorities, ideas about others' selfishness and unselfishness, and beliefs about benefits to others—have a powerful role in triggering unselfish behavior. Stout illustrates how our legal system can use these social cues to craft better laws that encourage more unselfish, ethical behavior in many realms, including politics and business. Stout also shows how our current emphasis on self-interest and incentives may have contributed to the catastrophic political missteps and financial scandals of recent memory by encouraging corrupt and selfish actions, and undermining society's collective moral compass. This book proves that if we care about effective laws and civilized society, the powers of conscience are simply too important for us to ignore.

Fixing the Game

Roger L. Martin
Fixing the Game Book PDF

Author : Roger L. Martin
Publisher : Harvard Business Review Press
Page : 266 pages
File Size : 53,7 Mb
Release : 2011-04-12
Category : Business & Economics
ISBN : 9781422142684

Get Book

Fixing the Game by Roger L. Martin Pdf

American capitalism is in dire straits, caught in a perilous pattern of increasing volatility, decreasing investor returns, and ongoing bad behavior by executives. And it’s getting worse. Since the turn of the twenty-first century, we’ve seen two massive value-destroying market meltdowns and a string of ethics breaches, including accounting scandals, options-backdating schemes, and the subprime mortgage debacle. Just what is going on here? Is it the inevitable decline of the American economy? Is it the new normal in a technology-enabled global marketplace? Or is it possible that the very theories we’ve embraced to underpin our capital markets are actually producing these crises? In Fixing the Game, Roger Martin reveals the culprit behind the sorry state of American capitalism: our deep and abiding commitment to the idea that the purpose of the firm is to maximize shareholder value. This theory has led to a massive growth in stock-based compensation for executives and, through this, to a naive and wrongheaded linking of the real market—the business of designing, making, and selling products and services—with the expectations market—the business of trading stocks, options, and complex derivatives. Martin shows how this tight coupling has been engineered and lays out its results: a single-minded focus on the expectations market that will continue driving us from crisis to crisis—unless we act now. Using the National Football League as his primary example, Martin illustrates that it is possible to take a much more thoughtful and effective approach than we now do to the intersection of the real and the expectations markets and to governance in general in the capital markets. Martin shows how we can act to end the destructive cycle, including: • Restructuring executive compensation to focus entirely on the real market, not the expectations market • Rethinking the meaning of board governance and role of board members • Reining in the power of hedge funds and monopoly pension funds Concise, hard-hitting, and entertaining, Fixing the Game advocates seizing American capitalism from the jaws of the expectations market and planting it firmly in the real market—and it presents the steps we must take now to do so.

The Rise of the Working-Class Shareholder

David Webber
The Rise of the Working Class Shareholder Book PDF

Author : David Webber
Publisher : Harvard University Press
Page : 351 pages
File Size : 53,9 Mb
Release : 2018-04-02
Category : Business & Economics
ISBN : 9780674972131

Get Book

The Rise of the Working-Class Shareholder by David Webber Pdf

When Steven Burd, CEO of the supermarket chain Safeway, cut wages and benefits, starting a five-month strike by 59,000 unionized workers, he was confident he would win. But where traditional labor action failed, a novel approach was more successful. With the aid of the California Public Employees’ Retirement System, a $300 billion pension fund, workers led a shareholder revolt that unseated three of Burd’s boardroom allies. In The Rise of the Working-Class Shareholder: Labor's Last Best Weapon, David Webber uses cases such as Safeway’s to shine a light on labor’s most potent remaining weapon: its multitrillion-dollar pension funds. Outmaneuvered at the bargaining table and under constant assault in Washington, state houses, and the courts, worker organizations are beginning to exercise muscle through markets. Shareholder activism has been used to divest from anti-labor companies, gun makers, and tobacco; diversify corporate boards; support Occupy Wall Street; force global warming onto the corporate agenda; create jobs; and challenge outlandish CEO pay. Webber argues that workers have found in labor’s capital a potent strategy against their exploiters. He explains the tactic’s surmountable difficulties even as he cautions that corporate interests are already working to deny labor’s access to this powerful and underused tool. The Rise of the Working-Class Shareholder is a rare good-news story for American workers, an opportunity hiding in plain sight. Combining legal rigor with inspiring narratives of labor victory, Webber shows how workers can wield their own capital to reclaim their strength.

The Cambridge Handbook of Stakeholder Theory

Jeffrey S. Harrison,Jay B. Barney,R. Edward Freeman,Robert A. Phillips
The Cambridge Handbook of Stakeholder Theory Book PDF

Author : Jeffrey S. Harrison,Jay B. Barney,R. Edward Freeman,Robert A. Phillips
Publisher : Cambridge University Press
Page : 301 pages
File Size : 54,5 Mb
Release : 2019-05-09
Category : Business & Economics
ISBN : 9781107191464

Get Book

The Cambridge Handbook of Stakeholder Theory by Jeffrey S. Harrison,Jay B. Barney,R. Edward Freeman,Robert A. Phillips Pdf

A comprehensive foundation for stakeholder theory, written by many of the most respected and highly cited experts in the field.

The Shareholder Value Myth

Lynn Stout
The Shareholder Value Myth Book PDF

Author : Lynn Stout
Publisher : Unknown
Page : 276 pages
File Size : 47,6 Mb
Release : 2012-05-07
Category : Business & Economics
ISBN : 0369316134

Get Book

The Shareholder Value Myth by Lynn Stout Pdf

Proves that shareholder primacy has no basis in law or economics and does not deliver better bottom - line results. Suggests better ways to think about shareholders and their relationship to corporations Written by one of America's most distinguished legal scholars, Executives, investors, and the business press routinely chant the mantra that corporations are required to ''maximize shareholder value.'' The results have been disastrous. ''Shareholder primacy'' thinking causes corporate managers to focus myopically on short - term earnings reports at the expense of long - term performance; discourages investment and innovation; harms employees, customers, and communities; and causes companies to indulge in reckless, sociopathic, and socially irresponsible behaviors. It's the kind of thinking that led directly to the recent worldwide economic collapse. Jack Welch, once a shareholder primacy true believer, has famously called it ''the dumbest idea in the world.'' Lynn Stout proves that there is in fact no legal obligation for corporations to maximize shareholder value - scholars, lawyers, and corporate officers just assumed there was. Nor, she demonstrates, is maximizing shareholder value the optimal economic model - that's just another unproven assumption, one that is conceptually muddled and, Stout shows, unsupported by the actual evidence on what drives good corporate performance. As if this wasn't enough, Stout also shows how shareholder primacy actually hurts individual investors by obscuring their real, diverse, human interests in the name of serving a hypothetical, homogeneous, abstract, and conscienceless shareholder. Stout looks at new theories that better serve the needs not only of actual human beings who invest but of corporations and society as well. ''Calm, careful, plainspoken, and relentless argumentation that peels away the distracting layers of abstract mumbo jumbo to expose the lunacy of the underlying theory for all to see. Lynn Stout does the world a great favor in exposing shareholder value theory for what it is: flawed and damaging.'' - Roger Martin, Dean, Rotman School of Management, University of Toronto, and author of Fixing the Game.

Citizen Capitalism

Lynn A. Stout,Sergio Alberto Gramitto,Tamara Belinfanti
Citizen Capitalism Book PDF

Author : Lynn A. Stout,Sergio Alberto Gramitto,Tamara Belinfanti
Publisher : Berrett-Koehler Publishers
Page : 185 pages
File Size : 55,7 Mb
Release : 2019-01-29
Category : Political Science
ISBN : 9781523095667

Get Book

Citizen Capitalism by Lynn A. Stout,Sergio Alberto Gramitto,Tamara Belinfanti Pdf

Corporations have a huge influence on the life of every citizen—this book offers a visionary but practical plan to give every citizen a say in how corporations are run while also gaining some supplemental income. It lays out a clear approach that uses the mechanisms of the private market to hold corporations accountable to the public. This would happen through the creation of what the authors call the Universal Fund, a kind of national, democratic, mega mutual fund. Every American over eighteen would be entitled to a share and would participate in directing its share voting choices. Corporations and wealthy individuals would donate stocks, bonds, cash, or other assets to the fund just like they do to other philanthropic ventures now. The fund would pay out dividends to its citizen-shareholders that would grow as the fund grows. The Universal Fund is undoubtedly a big idea, but it is also eminently practical: it uses the tools of capitalism, not government, to give all citizens a direct influence on corporate actions. It would be a major institutional investor beholden not to a small elite group of stockholders pushing for short-term gain but to everyone. The fund would reward corporations that made sure their actions didn't harm people, communities, and the environment, and it would enable them to invest in innovations that would take more than a few months to pay off. Which is another reason corporations would donate to the fund—they could be freed from the constant pressure to maximize their quarterly share price and would essentially be subsidized for doing good. The authors demonstrate that our current economic rules force corporations to be shortsighted and even destructive because for most large investors, nothing matters but share price. The Universal Fund is designed to be a powerful positive balancing force, making the world a better place and the United States a better nation.

Benefit Corporation Law and Governance

Frederick Alexander
Benefit Corporation Law and Governance Book PDF

Author : Frederick Alexander
Publisher : Berrett-Koehler Publishers
Page : 304 pages
File Size : 43,8 Mb
Release : 2017-10-16
Category : Business & Economics
ISBN : 9781523083602

Get Book

Benefit Corporation Law and Governance by Frederick Alexander Pdf

Corporations with a Conscience Corporations today are embedded in a system of shareholder primacy. Nonfinancial concerns—like worker well-being, environmental impact, and community health—are secondary to the imperative to maximize share price. Benefit corporation governance reorients corporations so that they work for the interests of all stakeholders, not just shareholders. This is the first authoritative guide to this new form of governance. It is an invaluable guide for legal and financial professionals, as well as interested entrepreneurs and investors who want to understand how purposeful corporate governance can be put into practice.

Green Giants

E. Williams
Green Giants Book PDF

Author : E. Williams
Publisher : AMACOM
Page : 305 pages
File Size : 40,7 Mb
Release : 2015-08-12
Category : Business & Economics
ISBN : 9780814436141

Get Book

Green Giants by E. Williams Pdf

What do Brazil’s top beauty brand, America’s second-fastest-growing restaurant chain, and the world’s third bestselling car have in common--besides achieving enormous success with revenue in the tens of billions? They are doing it all while holding to their convictions of implementing sustainable principles that help consumers live better lives. But they aren’t the only ones. Green Giants examines nine companies--including Chipotle, Toyota, Unilever, Tesla, General Electric, and more--who have established the blueprint for sustainable success that anyone can follow. Author Freya Williams, an early pioneer of the modern sustainable business movement, discovered six factors responsible for the overwhelming success of these nine socially responsible companies: The Iconoclastic Leader Disruptive Innovation A Higher Purpose Built In, Not Bolted On Mainstream Appeal New Behavioral Contract Packed with eye-opening research, exclusive interviews, and enlightening examples, Green Giants serves as your blueprint for merging wild profitability with social responsibility.

Corporate Governance in the Common-Law World

Christopher M. Bruner
Corporate Governance in the Common Law World Book PDF

Author : Christopher M. Bruner
Publisher : Cambridge University Press
Page : 317 pages
File Size : 53,9 Mb
Release : 2013-03-29
Category : Law
ISBN : 9781107354906

Get Book

Corporate Governance in the Common-Law World by Christopher M. Bruner Pdf

The corporate governance systems of Australia, Canada, the United Kingdom and the United States are often characterized as a single 'Anglo-American' system prioritizing shareholders' interests over those of other corporate stakeholders. Such generalizations, however, obscure substantial differences across the common-law world. Contrary to popular belief, shareholders in the United Kingdom and jurisdictions following its lead are far more powerful and central to the aims of the corporation than are shareholders in the United States. This book presents a new comparative theory to explain this divergence and explores the theory's ramifications for law and public policy. Bruner argues that regulatory structures affecting other stakeholders' interests - notably differing degrees of social welfare protection for employees - have decisively impacted the degree of political opposition to shareholder-centric policies across the common-law world. These dynamics remain powerful forces today, and understanding them will be vital as post-crisis reforms continue to take shape.

Wall Street Values

Michael A. Santoro,Ronald J. Strauss
Wall Street Values Book PDF

Author : Michael A. Santoro,Ronald J. Strauss
Publisher : Cambridge University Press
Page : 249 pages
File Size : 45,5 Mb
Release : 2012-12-17
Category : Business & Economics
ISBN : 9781107017351

Get Book

Wall Street Values by Michael A. Santoro,Ronald J. Strauss Pdf

What are the economic and moral connections between Wall Street and the overall economy? This book chronicles the transformation of Wall Street's business model from serving clients to proprietary trading and explains how this shift undermined the ethical foundations of the modern financial industry.

Business Ethics

J. S. Nelson,Lynn A. Stout
Business Ethics Book PDF

Author : J. S. Nelson,Lynn A. Stout
Publisher : Oxford University Press
Page : 545 pages
File Size : 54,8 Mb
Release : 2022
Category : Business & Economics
ISBN : 9780190610272

Get Book

Business Ethics by J. S. Nelson,Lynn A. Stout Pdf

An authoritative and practical guide to business ethics, written in an accessible-question-and answer format In today's turbulent business climate, business ethics are more important than ever. Surveys of employees show that misconduct is on the rise. Cover stories reporting indictments, prosecutions, and penalties imposed for unethical business conduct appear almost daily. Legislatures pass requirements elevating the levels of punishment and their enforcement against corporations and individuals. Organizations face pressure to design and implement effective ethics and compliance programs. As a result, businesses and businesspeople are increasingly worried that their conduct might cross lines that put their wealth and reputations at risk. Business Ethics: What Everyone Needs to Know (R) explains what those lines are, how not to cross them, and what to do when they are crossed. Written for both businesspeople facing real-life dilemmas and students studying ethical questions, this succinct book uniquely surveys materials from moral philosophy, behavioral science, and corporate law, and shares practical advice. Experts J.S. Nelson and Lynn A. Stout cover a wide array of essential topics including the legal status of corporations, major ethical traps in modern business, negotiations, whistleblowing and liability, and best practices. Written in a short question-and-answer style, this resource provides engaging and readable introductions to the basic principles of business ethics, and an invaluable guide for dealing with ethical dilemmas.