Maximizing shareholder value = shorttermism

"Goldman can’t follow the advice of the Wall Street Journal or Bloomberg and admit that it is just in it for the money, because the period of maximizing shareholder value that began in 1976 came to a close in 2009 with Jack Welch’s recognition that this is “the dumbest idea in the world.” Future generations will look back on this short period of relentlessly pursuing shareholder value as an aberrant experiment that failed, like the Robber Barons of the Gilded Era, or the excesses of the Roaring Twenties. That era is over. Sadly, the Wall Street Journal and Bloomberg didn’t get the memo."


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What's the Goal of Goldman's Muppet Hunt? – Forbes
What's the goal of Goldman's muppet hunt?

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