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The high-water mark for shareholder value thinking was set in 2001, when professors Reinier Kraakman and Henry Hansmann—leading corporate scholars from Harvard and Yale law schools, respectively—published an essay in The Georgetown Law Journal entitled “The End of History for Corporate Law.”
Lynn Stout • The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public
The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public
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Steward-ownership is capitalism 2.0 | by Juho Makkonen | Better sharing | Medium
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Embracing Paradox
For centuries, private attorneys have molded and adapted these legal modules to a changing roster of assets and have thereby enhanced their clients’ wealth. And states have supported the coding of capital by offering their coercive law powers to enforce the legal rights that have been bestowed on capital.
Katharina Pistor • The Code of Capital: How the Law Creates Wealth and Inequality
Gould did not take a title, but had a seat on the executive committee and had four additional board seats, which he filled with his brokers.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
