Central to this discussion is the doctrine of shareholder primacy—the belief that the primary obligation of corporations is to maximize shareholder returns. While this approach dominates ...

After spending too many years trying to signal their virtue, companies are focusing once again on returns to investors.

In the Trump era, the 2019 US Business Round Table departure from maximizing shareholder value is looking like a bad bet.

Seth Klarman, the renowned founder and CEO of the $30 billion hedge fund The Baupost Group, recently gave a speech on the ramifications of shareholder primacy. "Business schools have sometimes ...

It is the first Business Roundtable statement to reject "shareholder primacy," a theory that states that a public company exists solely for the benefit of shareholders and has guided corporate ...

At the same time, there is a clear winner — the concept of shareholder primacy. The idea, popularized by Nobel laureate Milton Friedman in 1970, is that corporate executives and boards have a ...