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Wednesday, May. 23, 2007 at 5:10 am

Investors, Speculators, Shareholder Value, and Other Half-Truths

May 23rd, 2007

Is greed really good?Business Week columnists Clayton M. Christensen & Scott D. Anthony make some pretty provocative comments about maximizing shareholder value in their column “Put Investors In Their Place: Why pander to people who now hold shares, on average, less than 10 months?”

For instance…

Perhaps it is time for companies to adjust the paradigm of management responsibility:

“You are investors and speculators, not shareholders, and you temporarily find yourselves holding the securities of our company. You are responsible for maximizing the returns on your investments.…

...continue to read "Investors, Speculators, Shareholder Value, and Other Half-Truths"

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