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Shareholder Value Maximization: The World’s Dumbest Idea? | European Investment Conference
https://eic.cfainstitute.org/2014/10/23/shareholder-value-maximization-the-dumbest-idea-in-the-world
Fees & Travel. 2015 European Investment Conference. Register now for the European Investment Conference 2016. Shareholder Value Maximization: The World’s Dumbest Idea? By Usman Hayat, CFA. An Academic Opinion without Much Evidence. Montier said that the idea of shareholder value maximization didn’t come from businesses but rather originated as an opinion in academia and was unsupported by much evidence. It is most directly traced to an op-ed written by economist Milton Friedman. BRT), an association of C...
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