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>The job of a CEO is to maximize share price. It absolultely is not. That was an idea floated by Milton Friedman, and he was wrong with his ridicluous asserti
by tw04 1y ago
>The job of a CEO is to maximize share price.
It absolultely is not. That was an idea floated by Milton Friedman, and he was wrong with his ridicluous assertion. His justification wasn't even legally sound...
https://www.forbes.com/sites/stevedenning/2013/06/26/the-origin-of-the-worlds-dumbest-idea-milton-friedman/ https://www.forbes.com/sites/stevedenning/2013/06/26/the-ori...
A CEOs job is to grow market share, increase the value of the company, and tend to its long-term health. All of which directly conflicts with "maximizing the share price" as we've seen time and time again with the corporate raider class.