After Over Three Decades, Rebel Economist Breaks Through to Washington. Here’s How He Did It.

By Lynn Parramore

“The idea that businesses are run to maximize profits for shareholders is just plain wrong, says William Lazonick

Ever heard that a corporation’s sole duty is to maximize value for shareholders? In the go-go ‘80s, business schools, government organizations, and most public companies took up this mantra. It stuck around.”…

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