He talks about a research paper he authored, which makes the point that profit maximization is important to shareholders, but it’s not the only thing they care about. Put simply: shareholder ...

In this interview, Hart discusses his most recent paper "Companies Should Maximize Shareholder Welfare Not Market Value." He says that profit maximization is important to shareholders, but it's ...

while also considering value maximization alternatives which are in the best interests of all shareholders'. Parkland Corporation’s board said it has initiated a review of strategic alternatives ...

The senator Elizabeth Warren will introduce a bill in Congress on Wednesday aimed at shifting corporations away from “maximizing shareholder value” and towards giving more support to workers ...

By 1994, when Louis V. Gerstner Jr. headed the company, he orchestrated an epic turnaround, putting shareholder value and customer satisfaction at the top of the list. Employees and community were ...

A special committee will consider a variety of value-maximizing alternatives, including a potential company sale.

We analyze this question for the case where shareholders are prosocial and externalities are not perfectly separable from production decisions. We argue that maximization of shareholder welfare is not ...