BOOK: The “myth” of shareholder primacy stands at the brink of intellectual failure, Stout writes
Book author Lynn Stout produced The Shareholder Myth in 2012 to challenge the advancement of “shareholder value” as the exclusive guiding principle of corporations. Stout, a Cornell Law School professor, debunks ...
CalPERS pension fund includes public interest as central to investing decisions
The changing relationship between corporations and society is at play in the evolving investing strategies of pension funds. Rather than electing to exclusively pursue the strongest possible financial returns, some ...
Elizabeth Murdoch: Money not the only “effective measure of all things” or free market “only sorting mechanism”
“As an industry — and indeed as a global society — we have become trapped in our own rhetoric. We need to learn how to be comfortable with articulating purpose and ...
Ron Shaich’s “Panera Cares” experiments with “pay-what-you-can” to help with food insecurity
Ron Shaich built a major business — Au Bon Pain, then sold it off. While you’ve probably heard of Panera Bread, the popular national bakery/café chain — his second ...
In 2012 NYTimes op-ed, billionare investor Warren Buffett argues for tax increases for the wealthy
One of the world’s richest men — Warren E. Buffett — has been a surprising advocate of “tax the rich” proposals. In a Nov., 2012, New York Times’ op-ed piece entitled, ...
BOSTON GLOBE: Is ‘shareholder value’ bad for business?
What is the purpose and structure of the modern corporation, and what are the consequences when management takes a short-term approach to meeting corporate goals? . In a recent article, ...