Maximizing Shareholder Value: A New Ideology for Corporate Governance

Lazonick, William; O’Sullivan, Mary

doi:10.1057/9780230523739_2

Public

Maximizing Shareholder Value: A New Ideology for Corporate Governance

Published in Palgrave Macmillan UK eBooks • Jan 1, 2002

Authors:

William Lazonick

Mary O’Sullivan

Abstract

Over the past two decades the ideology of shareholder value has become entrenched as a principle of corporate governance among companies based in the United States and Britain. Over the past two or three years, the rhetoric of shareholder value has become prominent in the corporate governance debate...

Subject

Corporate governance

Shareholder value

Shareholder

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