The doctrine of “shareholders come first” has taken a beating in recent years—and rightly so! For decades, this mantra held sway as conventional wisdom. Some people even believed it was a legal requirement to put profits above all, which it isn’t. The problem isn’t necessarily a focus on shareholder value as a broad concept. The problem is a focus on
I am going to have to read this many times to appreciate all the details and those diagrams! Awesome post.