Shareholder Primacy Challenged
The concept of shareholder primacy, rooted in a historic legal case, has long dominated corporate thinking, emphasizing short-term profits over broader stakeholder interests. However, recent critiques suggest that this interpretation misrepresents the law, advocating instead for a model where serving customers and employees can ultimately lead to greater profits. Enlightened capitalists argue for a shift in focus, but the challenge remains in implementing these ideals within traditional business practices.In this clip
From this podcast
Decoder with Nilay Patel
Recode Decode: "The Enlightened Capitalists" author James O'Toole.
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