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Trump 2.0 will see corporations tempted by shareholder primacy even more. Sustainable success still comes from broader goals Story by John Kay • 24m ...
As you know, the shareholder primacy theory is widely attributed to the Chicago school of economists, beginning in the 1970s, with economist Milton ...
Commentary Shareholder Primacy in Delaware Corporation Law: Court of Chancery Makes Clear That Delaware Law Assumes 'Single-Firm Model' The Delaware Court of Chancery recently had the opportunity ...
However, there is a schism forming among those who claim to adhere to the idea of shareholder primacy–the notion that a company should serve only its investors.
Shareholder primacy and business purpose can be married into an effective strategy exactly because neither one of them is required, per se. A corporate leader may make a purpose-based strategy that ...
The case for shareholder primacy does not deny any of that. It simply argues that it is not the CEO’s job to impose their values on shareholders, employees, customers or anyone else.
As you know, the shareholder primacy theory is widely attributed to the Chicago school of economists, beginning in the 1970s, with economist Milton Friedman famously arguing that the only ...
In contrast to shareholder primacy, the principle of obliquity emphasizes that sustainable success comes from broader goals. Yet the rise of financialization has steered many firms away from this ...
Central to this discussion is the doctrine of shareholder primacy—the belief that the primary obligation of corporations is to maximize shareholder returns.
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