Actually, shareholder value has only become an important emphasis in the past few decades. > On August 12, 1981, Jack Welch made a speech at The Pierre in New

Actually, shareholder value has only become an important emphasis in the past few decades. > On August 12, 1981, Jack Welch made a speech at The Pierre in New York City called ‘Growing fast in a slow-growth economy’. This is often acknowledged as the "dawn" of the obsession with shareholder value. [0] Milton Friedman's 1970 op ed in the NYT [1] arguing that profit is the primary social responsibility of a corporation has also been influential on executive thinking in this regard. [0] https://en.wikipedia.org/wiki/Shareholder_value https://en.wikipedia.org/wiki/Shareholder_value [1] https://www.nytimes.com/1970/09/13/archives/a-friedman-doctrine-the-social-responsibility-of-business-is-to.html https://www.nytimes.com/1970/09/13/archives/a-friedman-doctr...