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Where corporate governance is understood as centring on aligning shareholder interests with those of the corporation, it’s ...
Shareholder primacy is back. As for a society’s values, these are for public policy to take care of, not CEOs. The virtue economy has completely burst [in the US]. Many companies are cutting ...
Professor Peter Swan discusses the Centre for Independent Studies’ new paper labelled ‘The Rise of Activist Corporations: How Activism Agendas Subsumed Shareholder Primacy’. “I noticed ...
It took a while, but shareholders are now paying a price for their primacy. Follow @rob_cyran, opens new tab on X (The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) ...
In a reversal of the BRT’s previous stance in favor of shareholder primacy, the new statement declared its signers’ commitment to “lead their companies for the benefit of all stakeholders.” ...
The modern corporate governance regimes in capitalistic and neo-capitalistic economies have traditionally favoured the theory of shareholder primacy. This means that in modern corporations ...
Even Mr. Shareholder Primacy himself, Milton Friedman, understood that highly engaged employees enhance shareholder returns. (Why American corporate titans have turned a willful blind eye to these ...
shareholder democracy is emerging as the middle ground among those favoring shareholder primacy—like Musk—and those backing stakeholder capitalism—like Fink. For much of the past decade ...
Shareholder voting, by contrast, is the purest form of shareholder primacy; it is about shareholders having the ultimate say over all other stakeholders. The upside of BlackRock promoting ...
Since the 2008 financial crisis, a growing chorus of advocates and scholars have argued that corporations have a responsibility toward a number of different stakeholders, including their employees.
That’s what Milton Friedman said when he argued in favor of shareholder primacy back in 1970: In a free‐enterprise, private‐property system, a corporate executive is an employee of the ...
According to Strive's website, the firm's employees "live by a strict commitment to shareholder primacy - an unwavering mandate that the purpose of a for-profit corporation is to maximum long-run ...