I agree, and I think this analogy works: a company that sets out with the mission to “maximize shareholder value” probably won’t maximize shareholder value. Most of the world’s most valuable companies (that actually appear to have succeeded in maximizing shareholder value) have (fairly credibly) defined more meaningful missions.
I agree, and I think this analogy works: a company that sets out with the mission to “maximize shareholder value” probably won’t maximize shareholder value. Most of the world’s most valuable companies (that actually appear to have succeeded in maximizing shareholder value) have (fairly credibly) defined more meaningful missions.