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2015-04-07

I believe that the Jury took the past into consideration in

TBH, I really want to see a proper “tech wank” isekai story. It be freaking glorious. Like. But if the Roundtable is really concerned about the undue influence of Wall Street’s short term traders on company behavior, it should reconsider its 30 year old decision to declare maximizing value for shareholder as the sole purpose of a corporation. This mantra, which is now taught in every business school, repeated in every earnings call and annual report and waved around by every activist investor, has no basis in law or logic or any credible theory of how a company should be managed. And it is now the source of most of what has gone wrong with American capitalism from the accounting fraud to the shabby treatment of workers and customers, from the orgy of share buybacks to the never ending string of unproductive mergers and acquisitions..

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