“Shareholder Primacy” is still killing capitalism
Every once in a while it is worth remembering that the concept of Shareholder Primacy (the theory that the sole purpose of a firm is to make money for its shareholders) is 48 years old, and not some immutable truth that has always existed.
Born on September 13, 1970, and still kicking.
Putting this here to:
MBA teaching urged to move away from focus on shareholder primacy model
Shared by a reader of our FB page.