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
T-Mobile says recent 'criminal hack' got personal data of some prepaid wireless customers
T-Mobile today admitted that a recent “criminal hack” accessed personal data of some prepaid wireless customers’ accounts.
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Ecommerce sites' mobile templates hide information that shoppers use to save money
In Do Consumers Make Less Accurate Decisions When They Use Mobiles?, a study by researchers at Ben Gurion University accepted for presentation at next month's International Conference on Information Systems in Munich, the researchers seek to discover why consumers spend more money on ecommerce sites when using mobile devices than when they use laptops and […]
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"Out of Home Advertising": the billboards that spy on you as you move through public spaces
Outdoor advertising companies are tapping location data brokers like Placeiq (which aggregates location data leaked by the spying dumpster-fire that is your phone's app ecosystem) and covertly siting Bluetooth and wifi sniffers in public space to gather data on the people who pass near to billboards: "gender, age, race, income, interests, and purchasing habits."
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Forget glue: This quick-bonding plastic seals in seconds
Things break, and even in this disposable world, there’s a need to fix them. Up until recently, that’s been the crusty bottle of glue in your junk drawer, which is just as liable to coat your fingers as the thing you actually want to repair. Looks like there’s finally a Star Trek-level solution on the […]
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This money management app does more than just crunch numbers
Paying for things is all too easy online these days, and that’s why managing your money has gotten so hard. We’ve all done it: You sign up for a streaming subscription or gym membership, blow past the free trial date, and it becomes a part of your monthly expenses. Some of us juggle so many […]
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Teach STEM through space combat with these DIY drones
We all know those gifts we get “for the kids,” the ones that parents are secretly more excited to open. Drones are a perfect example, but there’s a model out there that really doubles down on that appeal. Introducing the Space Fighter Building Block Drones, a series of space fighter drones that are a blast […]
