The shareholder fallacy - Salon.com
Historically, corporations were understood to be responsible to a complex web of constituencies, including employees, communities, society at large, suppliers and shareholders. But in the era of deregulation, the interests of shareholders began to trump all the others. How can we get corporations to recognize their responsibilities beyond this narrow focus? It begins in remembering that the philosophy of putting shareholder profits over all else is a matter of ideology which is not grounded in American law or tradition. In fact, it is no more than a dangerous fad.
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