The headline wouldn't be as provocative if it were correct: "The World's Dumbest Idea: Maximizing Short Term Shareholder Value". The author seems to argue that

The headline wouldn't be as provocative if it were correct: "The World's Dumbest Idea: Maximizing Short Term Shareholder Value". The author seems to argue that switching from long term to short term shareholder value maximization hasn't really increased shareholder value (and might have decreased it). So I gather that he is in fact in favor of maximizing shareholder value but that it should be performed on a longer basis.