The cover of The Shareholder Value Myth

The Shareholder Value Myth

Is it true that companies must maximize shareholder value, or is that an idea the law never actually required?

At a glance

Author
Lynn Stout

Why read it

  • You will be able to say whether the law really forces a company to maximize its share price
  • You will spot how a push for short term profit can lead a firm to cut research and customer support
  • You will learn to question an idea nearly every expert accepts by checking what the actual rules say

Who it is for

  • An executive pressed to hit quarterly numbers at any cost
  • An investor asking what companies really owe their owners
  • A law or business student told shareholders always come first

Contents

  1. Preface
  2. INTRODUCTION “The Dumbest Idea in the World”
  3. PART I Debunking the Shareholder Value Myth
  4. PART II What Do Shareholders Really Value?

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