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Reclaiming the Idea of Shareholder Value

Harvard Business Review

The first believes the company’s goal is to maximize shareholder value. The problem with the term “maximize shareholder value” is that it has been hijacked by those who incorrectly believe that the goal is to maximize short-term earnings to boost today’s stock price.

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You Can't Impress Stock Analysts.and Shouldn't Try

Harvard Business Review

Who declared 7 or 10 or 15 percent growth in earnings a sacrosanct pursuit, above all other corporate goals — like the innovation that leads to novel solutions that address customer needs? want people to focus on cash flow, which is a much longer-term measure than short-term profit.".

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