The Shareholder Value Myth, Lynn Stout
Tuesday, 23 January 2018
Disengaged shareholders
“[D]iversified shareholders who are uninvolved
in and ignorant of a company’s day-to-day business decisions are in no position
to police against, or even know about, antisocial corporate behavior… And when
disaster strikes, uninvolved shareholders are unlikely to feel personally responsible.
How many BP shareholders felt responsible for the Deepwater Horizon disaster.”
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