Shareholder Value is the Dumbest Idea in the World
On the face of it, shareholder value is the dumbest idea in the world,” he said. “Shareholder value is a result, not a strategy . . . Your main constituencies are your employees, your customers and your products.
via ft.com
“It is a dumb idea,” Jack Welch said. “The idea that shareholder value is a strategy is insane. It is the product of your combined efforts – from the management to the employees.”
I couldn't have said it better myself, Jack.
