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July 1, 2013 07:10 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/LcOm7HqhfFY/story01.htm
Shareholder value: world's dumbestidea
The idea that companies exist solely to produce shareholder value can be traced to a 1970 editorial by Milton Friedman. Writing in Forbes, Steve Denning calls this The World's Dumbest Idea, and gives pretty comprehensive evidence to support that notion: "As often happens with bad ideas that make some people a lot of money, shareholder value caught on and became the conventional wisdom."     |
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/LcOm7HqhfFY/story01.htm
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