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CFAINSTITUTEShareholder Value Maximization: The World’s Dumbest Idea?
If you agree with the economist John Maynard Keynes that “ideas shape the course of history,” then you ought to agree that the history of modern business and finance has been shaped by one influential idea: that the job of a company’s management is to maximize shareholder value. But according to James Montier, a distinguished investment professional and behavioural finance writer, shareholder value maximization is “a bad idea.”
PBSSugar industry withheld possible evidence of cancer link 50 years ago
Scientists at the University of California, San Francisco, said they have uncovered documents demonstrating that members of the sugar industry called off a study, named Project 259, in the 1960s because it linked sucrose — a common sugar — to heart disease and bladder cancer in preliminary experiments.
ALTERNETChomsky: Thinking Like Corporations is Harming American Universities
There’s been a very sharp increase in the proportion of administrators to faculty and students in the last…
thenextwebIt’s time to boycott Amazon
Amazon’s success is partly fueled by exploitative practices. For those working in its fulfillment centers, conditions resemble a Dickensian nightmare. A recent piece from Business Insider UK’s Shona Ghosh puts this into perspective, and tells stories of low-wage warehouse workers being forced to urinate into bottles rather than take normal work breaks.
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