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"[Proctor & Gamble's] goals in the process of exiting this business are to maximize value to P&G’s shareholders and minimize earnings per share dilution." It w
by AceJohnny2 12y ago
"[Proctor & Gamble's] goals in the process of exiting this business are to maximize value to P&G’s shareholders and minimize earnings per share dilution."
It was a sick joke in Snow Crash in the 90s, and it hasn't changed.
- Chinjut 12y agoAs someone who hasn't read Snow Crash, I'm curious what this means; could you explain the reference?
- yzzxy 12y agoYou're not missing anything by not reading it. [0] The above poster believes that the phrase > maximize shareholder value originated as a joke in the writing of Neal Stephenson and is not simply the financial terminology it appears to be. [0] It was Cryptonomicon, not Snow Crash.
- hobs 12y agoDisagree, Snow Crash is fun, and the intro about the Deliverator is great! "Enough power to shoot a pound of bacon into the asteroid belt." How can you not like that!?
- yzzxy 12y agoNo, I mean he wasn't missing the joke... I obviously enjoy Stephenson way too well for my own good if I can spot an oblique reference to the wrong book.
- AceJohnny2 12y agoWoops, you're right of course, it's Cryptonomicon. I'm well aware that it's standard financial terminology, but I was referring to how Stephenson satirized it and showed how it provided perverse and destructive incentives.