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" Fair enough, but the notion of "shareholder primacy" has been around since the early 1900s." I started hearing about it with Jack Welch ("neutron jack"), GE
by maxxxxx 9y ago
" Fair enough, but the notion of "shareholder primacy" has been around since the early 1900s."
I started hearing about it with Jack Welch ("neutron jack"), GE and others. There was a noticeable change in attitude. "Greed is good". Layoffs were good for the share price.
- lliamander 9y agoInteresting. I'll have to look into those references.
- maxxxxx 9y agoRead this: https://www.forbes.com/sites/stevedenning/2017/04/27/harvard-business-review-the-pernicious-nonsense-of-maximizing-shareholder-value/#3d0320d471f0 https://www.forbes.com/sites/stevedenning/2017/04/27/harvard... It started in the 70s. As far as I know GE and Jack Welch were the poster child of this movement.