4 ms·
These aren't bold claims, it's literally how stocks work. The belief of shareholders actually owning the company was just a side-effect of the marketing for sh
by boh 6y ago
These aren't bold claims, it's literally how stocks work.
The belief of shareholders actually owning the company was just a side-effect of the marketing for shareholder primacy ideology. Even recent finance/management textbooks specifically call this out.
Some sources:
https://hbr.org/2012/07/what-good-are-shareholders https://hbr.org/2012/07/what-good-are-shareholders
https://www.ft.com/content/7bd1b20a-879b-11e5-90de-f44762bf9896 https://www.ft.com/content/7bd1b20a-879b-11e5-90de-f44762bf9...