“””In the recent history of management ideas, few have had a more profound — or pernicious — effect than the one that says corporations should be run in a manner that “maximizes shareholder value.””””
Also related, Tim Cook in a shareholder meeting after a proposal to remove environmental policies/focus:
"We do things because they are right and just and that is who we are. That’s who we are as a company. I don’t…when I think about human rights, I don’t think about an ROI. When I think about making our products accessible for the people that can’t see or to help a kid with autism, I don’t think about a bloody ROI, and by the same token, I don’t think about helping our environment from an ROI point of view.
...
If you only want me to make things, make decisions that have a clear ROI, then you should get out of the stock"
“””In the recent history of management ideas, few have had a more profound — or pernicious — effect than the one that says corporations should be run in a manner that “maximizes shareholder value.””””
https://www.washingtonpost.com/news/wonk/wp/2013/09/09/how-t...