On the absurdity of "maximizing shareholder value"
Over on Crooked Timber, Daniel Davies has uncorked a hell of a rant on the fatuous absurdity of the old saw that “corporate officers have a fiduciary duty to maximize shareholder value.” He starts…
Over on Crooked Timber, Daniel Davies has uncorked a hell of a rant on the fatuous absurdity of the old saw that “corporate officers have a fiduciary duty to maximize shareholder value.” He starts…
