Shareholder Value

On the face of it, shareholder value is the dumbest idea in the world. Shareholder value is a result, not a strategy... your main constituencies are your employees, your customers and your products. Managers and investors should not set share price increases as their overarching goal. ... Short-term profits should be allied with an increase in the long-term value of a company.

From the Interview Interview with Francesco Guerrera of the Financial Times


No. 244