The idea that companies exist solely to produce shareholder value can be traced to a 1970 editorial by Milton Friedman. Writing in Forbes, Steve Denning calls this The World's Dumbest Idea, and gives pretty comprehensive evidence to support that notion: "As often happens with bad ideas that make some people a lot of money, shareholder value caught on and became the conventional wisdom."
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3:10 pm Mon
Jul 1, 2013
Shareholder value: world's dumbest idea
The three biggest Chinese business scams that target foreign firms
Just in time for the holidays, the China Law Blog (previously) rounds up the three most common scams in China that target foreign firms: "Come to China and celebrate our deal" (foreign business person concludes a deal, goes to China, and is roped into paying for a banquet, gifts for the Chinese company boss, and […]
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This firm gave $10 million in holiday bonus cash to 198 employees
I have but one question. Are they hiring? Sounds like a great place to work.
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Youtube copyright trolls Adrev claim to own a homemade MIDI rendition of 1899's Flight of the Bumblebee
Chris Knight recorded a video of the bees in his backyard and wanted to accompany it with a rendition of Nikolai Rimsky-Korsakov's 1899 composition "The Flight of the Bumblebee."
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This 5-row Bluetooth QWERTY keyboard rolls up so you can take it on the go
We love our smartphones and tablets, but we also love to write. For a while now, there hasn’t been a workable solution. Either hook it up to a keyboard (which defeats the purpose of a portable gadget) or resign ourselves to typing on tiny, unresponsive glass icons. Looks like technology has finally caught up to […]
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Save over 50% on this slim battery case for your iPhone 11 Pro Max
So you’ve got an iPhone 11 Pro Max. It’s an impressive piece of hardware – sometimes, too impressive. The more you’re compelled to use it, the more an age-old problem pops up: The dreaded low battery warning. Even if you’re on the go, perhaps the best solution to this is also pretty unobtrusive. It’s the […]
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Go from beginner to expert videographer with this training pack
The good news: Software like Adobe Premiere Pro, Camtasia and Final Cut Pro has opened up a ton of possibilities for desktop videographers. On the other hand, their use is so widespread that you have to be an expert in them before you can even think about a career in the field. That’s a requirement […]
