Time to put an end to the cult of shareholder value

By Eric Reguly

Paul Polman, the CEO of Unilever, thinks American-style capitalism is┬ábroken, and he blames, in good part, the cult of shareholder value that has been all the rage since the 1980s. Since taking the helm in 2009 of the Anglo-Dutch consumer products giant that owns Ben & Jerry’s ice cream, Dove soap and Lipton tea, Polman has eliminated quarterly profit reports, refused to give earnings guidance to analysts and informed hedge funds that they will not be indulged.”…

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