georgephillip
Diamond Member
- Thread starter
- #321
Because the business practice of "value based management" requires maximizing short-term profit for shareholders at the expense of millions of productive US workers, consumers, and their descendants.Business wouldn't leave if they could make profit. The fact that they left is the proof they couldn't make profit that would satisfy shareholders. My question to you is still, why?
"The sole concentration on shareholder value has been widely criticized,[20] particularly after the late-2000s financial crisis. While a focus on shareholder value can benefit the owners of a corporation financially, it does not provide a clear measure of social issues like employment, environmental issues, or ethical business practices."
Shareholder value - Wikipedia the free encyclopedia