Shareholder value: world's dumbest idea

[Boundegar]

@ArrowOfSine

That’s the thing- the idea of maximizing share valuation isn’t dumb enough to draw ridicule, or dumb enough to fail strictly on its own merit (or lack). It’s appealing enough that the supporters can dismiss the rest as naysayers or haters.

It also has the advantage of extreme simplicity. Ethics is hard, until you reduce it to one dimension. Kind of like how the Laffer Curve is so much easier to explain than Keynes. That doesn’t make it right, but it sure does make it popular.