Lynn Stout / CEOs' focus on stock price hurts the economy - Press of Atlantic City: Commentary

Lynn Stout / CEOs' focus on stock price hurts the economy

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Posted: Monday, September 10, 2012 12:01 am

Over the last three decades, public companies have shifted their focus from promoting long-term growth to maximizing "shareholder value" (a euphemism for share price) in the short term. And the federal government has embraced this religion.

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