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by jacques_chester
12 days ago
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> questions: WHY has it become the standard? 1. It coincidentally aligns with the interests of the C-suite. They are mostly compensated in stock, and compensation mostly set by other members of the C-suite elite. And gosh darn it wouldn't you know it, they all think it's a jolly good idea. 2. It is taught in B-school, so most of the C-suite believe it or have never thought seriously about its deeper meaning. "Shareholder value" is easy to mouth, but breaks down almost immediately after trivial scrutiny. Which shareholders, pray tell Mr Babbage? What is value to them? Are they just are hivemind with perfectly identical interests, opinions, attention span, background knowledge, experience, access to capital, prestige, ...? |
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