equities

James Montier: The World’s Dumbest Idea – Shareholder Value Maximization

Some years ago, James Montier wrote a great paper called – The World’s Dumbest Idea, that explored the problems surrounding the concept of shareholder value and its maximization saying: “Before you ...
Nasdaq

Bitfarms Rejects Riot’s Takeover Bid, Seeks Value Maximization

Bitfarms (TSE:BITF) has released an update. Bitfarms Ltd. has issued a statement affirming its commitment to maximizing shareholder value amid unsolicited acquisition proposals, particularly ...
SpaceNews

Committee For Aerojet Rocketdyne Shareholders and Value Maximization Releases Presentation Detailing the Urgent Need for a Special Meeting of Sharehol

Eileen Drake (the CEO of Aerojet Rocketdyne (NYSE: AJRD)) and the other members of the Committee For Aerojet Rocketdyne Shareholders and Value Maximization today issued a comprehensive presentation ...
Reason

"The Profit Motive: In Defense of Shareholder Value Maximization"

I asked Prof. Bainbridge whether I could cross-post this from Corporate Finance Lab, and he kindly agreed: What is the purpose of a corporation? Is it, as Nobel Economics laureate Milton Friedman ...
American Enterprise Institute

Should the Modern Corporation Maximize Shareholder Value?

Milton Friedman’s admonition 50 years ago that the modern corporation should maximize shareholder value remains controversial. We argue that under certain broad assumptions, the admonition remains a ...