"Shareholder value" misses at least two critical bits of context: 1. over what timescale? 2. at what level of risk? As soon as they are incorporated, it's ob

"Shareholder value" misses at least two critical bits of context: 1. over what timescale? 2. at what level of risk? As soon as they are incorporated, it's obvious that firms have both more leeway and more responsibility to take care of a wider range of stakeholders.