Question: We learn to evaluate projects on the assumption that Shareholder Value Maximization is the objective of financial decision-making for corporations. However, a group of influential
We learn to evaluate projects on the assumption that "Shareholder Value Maximization" is the objective of financial decision-making for corporations. However, a group of influential CEOs came out with a statement which diluted this objective by adding the welfare of other stakeholders. below are the link for two articles from WSJ that present the opposing commentary on this issue.
Article 1: ttps://www.wsj.com/articles/the-stakeholder-ceos-11566248641
Article 2: https://www.wsj.com/articles/the-updated-purpose-of-the-u-s-corporation-01567177251
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