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The shareholder theory is gone. Management has taken over and run the company for their own benefit, not for shareholders.
by projektfu 6y ago
The shareholder theory is gone. Management has taken over and run the company for their own benefit, not for shareholders.
- tupputuppu 6y agoShareholder value creation provides at least some shackles to management empire building. Stakeholder capitalism means they're free to waste company resources on whatever fad they can reap personal PR points on.