Could maximizing shareholder value be the ‘dumbest idea in the world’

By Proinsias O’Mahony

“The idea that a company’s primary purpose is to enrich its shareholders is the “dumbest idea in the world”, according to high-profile GMO strategist James Montier, who warns that the so-called shareholder value model is “creating and storing up economic problems that simply won’t go away.”…

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