Friedmanites can get fucked, it would be good give them a taste of their own medicine, it don’t think they will like it.
Perhaps shareholder value maximisation can be seen as a function of loyalty and duty of care?
That being said I do believe the exact terminology may not have been used in country where I was doing my masters. But I believe there were legal cases that pointed to concept somewhat similar to shareholder value maximisation, even if it was in a roundabout way (we covered some US content too in thag course).
“Shareholder value maximisation” is indeed a polemical construct and that on some level doesn’t make sense, because no one has even defined timeframes and next 12 months, 1-2 years out, 10 years out can require different approaches.
That being said my sixth sense / BS meter did often go off when I heard that specific phrase used in the US. But that was also true of freedom of speech polemics; I didn’t find them convincing and the framing was often extremely ostentatious.
Keep in mind, I haven’t done any extensive, serious (or even semi-serious) work around business law since doing my Masters. So maybe I completely wrong.
Friedmanites can get fucked, it would be good give them a taste of their own medicine, it don’t think they will like it.
Perhaps shareholder value maximisation can be seen as a function of loyalty and duty of care?
That being said I do believe the exact terminology may not have been used in country where I was doing my masters. But I believe there were legal cases that pointed to concept somewhat similar to shareholder value maximisation, even if it was in a roundabout way (we covered some US content too in thag course).
“Shareholder value maximisation” is indeed a polemical construct and that on some level doesn’t make sense, because no one has even defined timeframes and next 12 months, 1-2 years out, 10 years out can require different approaches.
That being said my sixth sense / BS meter did often go off when I heard that specific phrase used in the US. But that was also true of freedom of speech polemics; I didn’t find them convincing and the framing was often extremely ostentatious.
Keep in mind, I haven’t done any extensive, serious (or even semi-serious) work around business law since doing my Masters. So maybe I completely wrong.