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What’s Wrong with Maximizing Shareholder Value?

written by Walter Wang

It is time to take a hard look at the universally accepted principle that the goal of business is to maximize shareholder value.

Although the concept seems entrenched in business practice, it actually originated in a 1976 article by two business school professors at the University of Rochester who postulated that corporate executives act as agents on behalf of the

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November 14, 2012 0 comment
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