Jack Welch, who is regarded as the father of the “shareholder value” movement that has dominated the corporate world for more than 20 years, has said it was “a dumb idea” for executives to focus so heavily on quarterly profits and share price gains, as it was quoted on the latest Financial times.com edition.
I have been pledging in the last couple of years that this idea was not sustainable long term , and that the focus should lie on maximazing stakeholders value and not shareholders.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment