James Montier speaks about “Shareholder Value Maximization: The World’s Dumbest Idea” from the European Investment Conference.

Some of the topics that will be covered include: The myth of shareholder value maximization (SVM) and its “unintended” consequences; Distortions in the economic landscape because of the disproportionate pursuit of SVM; SVM’s links to low rates of real investment, rising inequality, and labour’s declining share of income.

H/T PragCap

James Montier "Shareholder Value Maximization: The World's Dumbest Idea"