“On the face of it, shareholder value is the dumbest idea in the world. Shareholder value is a result, not a strategy… your main constituencies are your employees, your customers and your products. Managers and investors should not set share price increases as their overarching goal. … Short-term profits should be allied with an increase in the long-term value of a company.” —Jack Welch (emphasis mine)
The Dumbest Idea In The World: Maximizing Shareholder Value-> Very compelling reading. | via Forbes.com & DaringFireball.net